EDGEWATER WIRELESS SYSTEMS INC. ("YFI") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: April 22, 2014 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 14, 2014:
Number of Shares: 8,168,730 shares
Purchase Price: $0.05 per share
Warrants: 8,168,730 share purchase warrants to purchase 8,168,730 shares
Warrant Exercise Price: $0.11 for a one year period
Number of Placees: 20 placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P # of Shares Venture Coaches Capital (Claude Haw) Y 500,000 Eric S. Smith Y 106,410 J. Lewis Dillman Y 200,000 Hubert Whyte Y 124,320 7958030 Canada Inc. (Duane Anderson) Y 220,000 Andrew Skafel Y 500,000 Aggregate Pro Group Involvement P 2,000,000 [1placee]
Finder's Fee: Jordan Capital Markets Inc. - $1,400.00 and 28,000 Finder's Warrants that are exercisable into common shares at $0.11 per share for a 12 month period.
Haywood Securities Inc. - $4,550.00 and 91,000 Finder's Warrants that are exercisable into common shares at $0.11 per share for a 12 month period.
Derek Sinclair - $5,600.00
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term. ________________________________________
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