Siyata Receives $1.33M from Exercise of Warrants
December 11 2018 - 3:15PM
Siyata Mobile Inc. (the "Company" or "Siyata") (TSX-V:SIM /
OTCQX:SYATF) is pleased to announce it has received proceeds of
$1.33 million as a result of $0.40 broker warrants and $0.50
warrants most of which recently expired.
As a result, the Company has 99,094,705 shares issued and
outstanding.
Marc Seelenfreund CEO of Siyata Mobile states, “We are very
pleased to receive these additional funds to build on our treasury
and continue our UV350 product rollout in North America. As the
UV350 has now recently been made available in Canada, we expect
customer orders shortly and also plan to launch commercially in the
US in Q1. We are very excited to see what the years of work we have
put towards this unique product launch will bring for shareholder
value in 2019 and beyond.”
About Siyata
A TSX Venture Top 50 Company, Siyata Mobile Inc. is a leading
global developer and provider of cellular communications systems
for enterprise customers, specializing in connected vehicle
products for professional fleets, marketed under the Uniden®
Cellular brand. Since developing the world’s first 3G connected
vehicle device, Siyata has been a pioneer in the industry,
launching the world’s first 4G LTE all-in-one fleet communications
device in 2017. Incorporating voice, push-to-talk over cellular,
data, and fleet management solutions into a single device, the
company aims to become the connected vehicle communications device
of choice for commercial vehicles and fleets around the world.
Siyata also offers rugged phones for industrial users and signal
boosters for homes, buildings, and fleets with poor cell coverage.
Siyata’s customers include cellular operators, commercial vehicle
technology distributors, and fleets of all sizes in Canada, the
U.S., Europe, Australia, and the Middle East.
Visit www.siyatamobile.com and
http://www.unidencellular.com/ to learn more.
On Behalf of the Board of Directors
of:SIYATA MOBILE INC.Marc SeelenfreundCEO and
Chairman
Investor Relations:Arlen HansenKin
Communications1-866-684-6730SIM@kincommunications.com
Sales Department:Glenn Kennedy, VP SalesSiyata
Mobile Inc.416-892-1823glenn_kennedy@siyatamobile.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release may include forward-looking
statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to
be considered forward looking. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, continued
availability of capital and financing, and general economic, market
or business conditions. There can be no assurances that such
statements will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. We do not
assume any obligation to update any forward-looking statements
except as required under the applicable laws.
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