WirelessDevNet.com Press Release
Edgewater Wireless Announces Non-Brokered Private Placement
February 14, 2014 – Edgewater Wireless Systems Inc., (YFI;TSX.V) (the "Company") the global leader in WiFi3 next generation WiFi technology, is pleased to announce that it intends to complete a non-brokered private placement of up to $400,000 through the sale of up to 8,000,000 units of the Company at a price of $0.05 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company for a period of 12 months from closing at an exercise price of $0.11 per share.
The proceeds from the private placement will be used for general working capital. The private placement is subject to TSX Venture Exchange acceptance. The common shares underlying the units and any common shares acquired on the exercise of the warrants comprising the units will be subject to resale restrictions.
About Edgewater Wireless Systems Inc.
Edgewater Wireless develops and commercializes leading edge technologies and intellectual property for the communications market. Edgewater Wireless delivers advanced product solutions designed to meet the high-performance, high quality of service (QoS) and high-reliability needs of service providers and their customers. Leveraging over twenty (20) patents, Edgewater Wireless’ WiFi3 is redefining WiFi technology with its wideband, multi-channel radio and high-capacity Access Point solutions, and delivering next generation WiFi, today. For more information, please visit www.edgewaterwireless.com/.