Siyata Mobile raises USD 2 mln from private placement

Monday 24 December 2018 | 10:16 CET | News
Siyata Mobile said it has raised a gross USD 2.08 million from non-brokered private placement of over 4.6 million units at USD 0.45 per unit. Each unit consists of one share and one share purchase warrant, exercisable for the acquisition of one share at USD 0.60 per unit, over the next three years. CEO Marc Seelenfreund said the money will mainly go towards general working capital purposes.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Siyata Mobile
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.