Edgewater Wireless launches $1 million private placement at $0.06 per unit

  • Edgewater Wireless launched a non-brokered private placement of up to 16,666,667 units at CAD 0.06 each to raise up to CAD 1 million.
  • Each unit includes one common share, one warrant exercisable at CAD 0.09 for two years.
  • Net proceeds targeted for semiconductor design, engineering, product development for its Spectrum Slicing prototype, cash for working capital.
  • Offering includes a 15% over-allotment option for up to 2,500,000 additional units, lifting potential gross proceeds by CAD 150,000.
  • Securities issued will face a four-month hold period; closing remains subject to TSX Venture Exchange acceptance.


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