09:58:56 EDT Tue 19 Mar 2024
Enter Symbol
or Name
USA
CA



Tower One Wireless Corp
Symbol TO
Shares Issued 76,706,902
Close 2018-04-23 C$ 0.205
Market Cap C$ 15,724,915
Recent Sedar Documents

Tower One receives $2.16-million from warrant exercise

2018-04-24 09:47 ET - News Release

Mr. Alejandro Ochoa reports

TOWER ONE RECEIVES WARRANT EXERCISE PROCEEDS OF $2,166,300.00

Tower One Wireless Corp. has received gross proceeds of $2,166,300 through the warrant incentive program previously announced on April 4, 2018.

A total of 8,665,201 warrants were exercised to acquire 8,665,201 common shares of the company at a price of 25 cents per warrant. The warrant incentive program ended as of April 6, 2018, and a total of 14,620,745 warrants at a price of 40 cents are eligible and listed for trading on the Canadian Securities Exchange at this time. Alejandro Ochoa, chief executive officer of Tower One, states: "The success of our warrant exercise program demonstrates the strong support we have from our current shareholders. This additional capital will allow Tower One to continue to execute its business plan to build out its portfolio of over 350 tower sites with 40 towers completed in Colombia/Argentina and 15 additional towers under construction in Argentina. Our next critical step as a growing tower company is to secure a permanent credit facility for this stage of our development. We intend to announce such facility this quarter. All current towers have been financed on a combination of equity and director loans."

About Tower One Wireless Corp.

Tower One builds, owns and leases its portfolio of wireless infrastructure assets to wireless carriers on long-term contracts. Tower One is one of a few publicly traded small-cap companies in the tower and wireless infrastructure industry. Tower One is operated by a team of telecom and finance professionals with a long history in the telecom and wireless infrastructure business. Tower One Wireless is currently focused on 4G and 5G LTE infrastructure expansion in Latin America and Tower services throughout the United States.

We seek Safe Harbor.

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