Siyata Initiates Share Consolidation as Part of Recently Announced Strategic Initiatives
24 September 2020 - 7:30AM
Siyata Mobile Inc. (TSX-V:SIM / OTCQX:SYATF/ FRA: WK3D)
(“
Siyata” or the “
Company”) today
announced, that in support of its recently announced strategic
initiatives, the Company will proceed with the consolidation of the
common shares of the Company (each, a “
Share”) on
the basis of 145 pre-consolidation Shares for one (1)
post-consolidation Share (the “
Consolidation”).
The Consolidation will become effective at the close of market on
September 24, 2020 and the post-consolidated Shares will commence
trading at the open of the market on Friday September 25th. The new
CUSIP number is 83013Q509. Following completion of the
Consolidation, a total of 1,013,203 Shares will be outstanding,
subject to adjustments for rounding. There is no name change in
conjunction with the Consolidation.
Computershare Investor Services Inc.
("Computershare") will mail letters of transmittal
to the shareholders providing instructions on exchanging
pre-Consolidation share certificates for post-Consolidation share
certificates. Shareholders are encouraged to send their share
certificates, together with their letter of transmittal, to
Computershare in accordance with the instructions in the letter of
transmittal.
About
Siyata
Siyata Mobile Inc. 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
its cellular signal in remote areas, inside structural buildings
where signals are weak and within vehicles for maximum cellular
signal strength possible.
Visit www.siyatamobile.com and
http://www.unidencellular.com/ to learn more.
On Behalf of the Board of Directors
of:SIYATA MOBILE INC.Marc SeelenfreundCEO
Investor Relations:Arlen
HansenKin Communications1-866-684-6730SIM@kincommunications.com
Sales Department:Glenn Kennedy,
VP SalesSiyata Mobile
Inc.416-892-1823glenn_kennedy@siyatamobile.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release may include forward-looking
statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to
be considered forward looking. The forward-looking statements in
this news release include statements relating to the Company’s
expectations regarding the completion of the Consolidation.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in
forward-looking statements. These statements involve risks,
estimates, assumptions and uncertainties that could cause actual
results to differ materially from those expressed in these
statements, including, among others, risks and uncertainties
associated with market conditions and the satisfaction of customary
closing conditions related to the proposed offering, as well as
risks and uncertainties associated with the Company's business and
finances in general. There can be no assurances that such
statements will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. We do not
assume any obligation to update any forward-looking statements
except as required under the applicable laws.
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