OTTAWA, Ontario--(BUSINESS WIRE)--
Edgewater Wireless Systems Inc. (YFI: TSX-V, KPIFF: OTCQB) (the “Company”) announces that it proposes to make an application to the TSX Venture Exchange to extend the term of 2,281,929 outstanding share purchase warrants (the “Warrants”) set to expire on June 30, 2019 by two years to June 30, 2021.
The Warrants were issued pursuant to a non-brokered private placement completed on June 30, 2017 with an original term of two years. Each Warrant entitles the holder to purchase one common share in the capital of the Company at a price of $0.375 per share. All other terms of the Warrants will remain the same. The warrant extension is subject to approval of the TSX Venture Exchange.
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless’ actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. Edgewater Wireless undertakes no obligation to update publicly or revise any forward looking information, whether as a result of new information, future events or otherwise, except as required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.