Mr. Robert Horsley reports
TOWER ONE WIRELESS CORP.
FILES PRELIMINARY SHORT FORM PROSPECTUS
FOR $30 MILLION EQUITY FINANCING
Tower One Wireless Corp. has filed a
preliminary short-form prospectus with the securities regulatory authorities in each of the
provinces of Canada, except Quebec, to qualify the distribution of Class A common shares of the company for aggregate gross proceeds of up to $30-million. The number of
common shares to be sold and the price per common share have not yet been determined.
The company has granted the agent (as defined herein) an option, exercisable in whole or in part and at any
time not later than 30 days after the closing of the offering, to purchase up to an additional 15 per cent of the
common shares issued and sold by the company pursuant to the offering, solely to cover overallocations, if
any, and for market stabilization purposes.
Raymond James Ltd. is acting as sole bookrunner and agent for the offering. The prospectus
contains important information relating to the common shares and is still subject to completion or amendment.
Copies of the prospectus are available on SEDAR. There will not be any sale or any
acceptance of an offer to buy the common shares until a receipt for the final prospectus has been issued.
The company intends to use the net proceeds of the offering for capital expenditures, investments in working
capital, general corporate purposes and repayment of indebtedness.
The company has applied to the Canadian Securities Exchange for approval of the offering and
the listing of the common shares. Listing will be subject to the fulfilment of all listing requirements of the
About Tower One Wireless Corp.
Tower One Wireless owns, builds and leases cellular towers to wireless carriers on long-term contracts. Tower One Wireless is one of the few publicly traded small-cap companies in the tower and wireless infrastructure industry. Tower One Wireless is currently focused on 4G and 5G LTE (long-term evolution) infrastructure expansion in Latin America.
We seek Safe Harbor.
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