EDGEWATER WIRELESS SYSTEMS INC. ("YFI") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 31, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 11, 2016 and August 16, 2016:
Number of Shares: 6,250,625 shares
Purchase Price: $0.40 per share
Warrants: 6,250,625 share purchase warrants to purchase 6,250,625 shares
Warrant Exercise Price: $0.50 for a two year period
Number of Placees: 48 Placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P # of Shares Aggregate Pro Group Involvement P 712,500 [6 Placees]
Finder's Fee: Haywood Securities Inc. $74,900 cash and 187,250 Finder's Units payable. PI Financial $8,960 cash and 22,400 Finder's Units. Echelon Wealth Partners Inc. $9,296 cash and 23,240 Finder's Units. Derek Sinclair $15,540 cash and 38,850 Finder's Units Clairwood Partners Inc. $63,455 cash and 158,637 Finder's Units. -Each Finder Unit is exercisable into one common share at $0.50 until August 24, 2018.
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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