representative work

Siyata Mobile Inc. Completes $7.8 Million Brokered Private Placement of Convertible Debentures

12/23/2019

On December 23, 2019, Siyata Mobile Inc. completed a $7.8 million brokered private placement in unsecured convertible debentures through co-lead agents PI Financial Corp. and Canaccord Genuity Corp. The private placement included new subscriptions for $4.5 million in principal amount, with the balance representing a rollover of certain previously issued debentures of Siyata. The unsecured convertible debentures were issued at a price of $950 per $1,000 in principal amount with each $1,000 in principal amount convertible, at the option of the holder, into 2,222 common shares in the capital of Siyata.

Cassels acted for Siyata with a team that included Jeff Durno, David Hansford and Sean Baraich (Securities).