SIYATA MOBILE INC. ("SIM") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s BULLETIN DATE: February 22, 2018 TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 13, 2018:
Convertible Debenture $4,600,000
Conversion Price: Convertible into shares at $0.60 of principal outstanding
Maturity date: 30 months after issuance
Warrants 4,600,000 detachable warrants will have a term of two years from the date of issuance and entitle the holder to purchase one common share at a price of $0.70.
Interest rate: 10.5% per annum payable quarterly cash in arrears
Number of Placees: 31 Placees
Finder's Fee: PI Financial Corp. receives 418,249 shares Beacon Securities Limited receives 47,250 shares Paradigm Capital Inc. receives 61,834 shares Haywood Securities Inc. receives 875 shares Raymond James Ltd. receives 8,458 shares
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on December 29, 2017. ________________________________________
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