Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF) has completed its final tranche. The close of the tranche, a second for the company, entailed the sale of an additional 7,065,800 units of the company at a price of $0.10 per unit for aggregate gross proceeds of $706,580. The two tranches together comprise a private placement totaling $2,150,000. In addition, the company announced that, effective immediately, Daniel Kim will serve as vice president of corporate development for Siyata Mobile. “The closing of this financing will provide us the necessary working capital to continue to ramp our sales in the U.S. market, a critical component of our overall growth strategy,” said Siyata CEO Marc Seelenfreund in the press release. “We are also excited to have Daniel Kim join our team. Daniel is a highly respected and seasoned individual in the telecom market, and we are confident that he will be an incredible asset as we raise the profile of the company both within the investment community and in the overall telecom arena.” Siyati Mobile is also one of 49 public companies selected to present to a global investor audience at the SNN Network Virtual Conference slated for Aug. 3-6, 2020. The company’s presentation will take place Thursday, August 6th at 10:15 AM ET. To register for the event, visit http://ibn.fm/v0NB1.
To view the full press releases, visit http://ibn.fm/mCy9W and http://ibn.fm/qG9av
About Siyata Mobile Inc.
Siyata Mobile is a B2B global vendor of next generation Push-To-Talk over Cellular (“PTT”) devices and cellular booster systems. Its portfolio of in-vehicle and rugged smartphones enable first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to improve communication, increase situational awareness and save lives.
Its portfolio of enterprise cellular booster systems enables first responders and enterprise workers to amplify cellular signal in remote areas, inside structural buildings where signals are weak and within vehicles for maximum cellular signal strength possible. For more information, visit the company’s websites at https://www.siyatamobile.com and http://unidencellular.com.
NOTE TO INVESTORS: The latest news and updates relating to SYATF are available in the company’s newsroom at http://ibn.fm/SYATF
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