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Wi2Wi Corp
Symbol YTY
Shares Issued 153,133,313
Close 2024-12-23 C$ 0.075
Market Cap C$ 11,484,998
Recent Sedar Documents

Wi2Wi closes $600,000 private placement

2024-12-23 17:26 ET - News Release

Mr. Ted Clark reports

WI2WI CORPORATION ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Wi2Wi Corp., on Dec. 20, 2024, closed its previously announced non-brokered private placement by issuing a total of 12 million units at a price of five cents per unit, for total gross proceeds $600,000.

Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional share of the company at an exercise price of 10 cents for a period of two years from closing of the offering, subject to an acceleration clause.

The warrants are subject to an acceleration clause, whereby if, at any time prior to the expiry date of the warrants, the closing price of the common shares on the TSX Venture Exchange is equal to or greater than 10 cents for any 10 consecutive trading days, then the company may, at its option, accelerate the expiry date of the warrants by issuing a news release announcing that the expiry date of the warrants shall be deemed to be on the 30th day following the issuance of the warrant acceleration news release. All warrants that remain unexercised following the accelerated expiry date shall immediately expire and all rights of holders of such warrants shall be terminated without any compensation to such holder.

The company plans to use the net proceeds of the offering for general working capital and corporate purposes. No finders' fees were paid in connection with the closing of the offering.

Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. All shares issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with the policies of exchange and applicable securities legislation.

About Wi2Wi Corp.

Wi2Wi is a specialized electronic component supplier with expertise in all aspects of frequency control devices, as well as in wireless technologies. Wi2Wi's Precision Devices brand of products has earned a premier spot in numerous key markets, including avionics, aerospace, industrial equipment, government and the U.S. military. Wi2Wi's frequency control products are best-in-class and of the highest quality.

Founded in 2005, Wi2Wi's headquarters, design centre and state-of-the-art manufacturing facility are located in the heart of America's industrial belt in Middleton, Wis. Wi2Wi can deliver specific solutions using its in-house design and manufacturing expertise, as well as leveraging many Tier 1 global partnerships with numerous industry leading silicon and wireless technology suppliers.

Wi2Wi has partnered with best-in-class sales leaders. The company uses a global network of manufacturer's representatives to promote its products and services, and has partnered with world class distributors for the fulfilment of orders, all of which augment a United States-based direct sales teams.

Wi2Wi is extremely proud to serve hundreds of the world's top companies with its made-in-America products.

We seek Safe Harbor.

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