Siyata Mobile Begins Trading on OTCQX and Announces Granting of Stock Options
Trading on the OTCQX® Best Market Marks Continuing North American Expansion
Montréal, QC – Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the “Company” or “Siyata”) is pleased to announce that the Company’s common shares commenced trading on the OTCQX® Best Market, a top tier public market in the United States, under the symbol “SYATF”.
To qualify to trade on OTCQX, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, and have a professional third-party sponsor introduction.
Marc Seelenfreund, CEO and Chairman of Siyata stated, “Our continuing goal in 2017 is to expand our capital market presence in the United States. Easy access to company shares for U.S. investors is vital to our expansion, and we believe that trading on the OTCQX Best Market is an important step to achieving this goal. Established companies trade on the OTCQX Best Market, and it is an honor for our company to have met this criterion.”
Siyata Mobile was sponsored for OTCQX by Burns, Figa & Will, P.C., a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
Siyata Mobile will continue to trade on the TSX Venture Exchange under the symbol “SIM”.
The Company also announces that it has granted a total of 700,000 incentive stock options (the “Stock Options”) to certain directors and officers of the Company, in accordance with its stock option plan. The Stock Options have an exercise price of $0.69 per share, and will vest on a quarterly basis over a 24-month period, in eight (8) equal tranches, and shall expire, if unexercised, 5 years from the date of grant. The Stock Options are subject to the approval of the TSX Venture Exchange.
Siyata Mobile Inc. is a leading global developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle products for professional fleets, marketed under the Uniden® Cellular brand. Since developing the world’s first 3G connected vehicle device, Siyata has been a pioneer in the industry, launching the world’s first 4G LTE all-in-one fleet communications device in 2017. Incorporating voice, push-to-talk over cellular, data, and fleet management solutions into a single device, the company aims to become the connected vehicle communications device of choice for commercial vehicles and fleets around the world.
Siyata also offers rugged phones for industrial users and signal boosters for homes, buildings, and fleets with poor cell coverage. Siyata’s customers include cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia, and the Middle East.
On Behalf of the Board of Directors of:
SIYATA MOBILE INC.
Glenn Kennedy, VP Sales
Siyata Mobile Inc.
PCG Advisory Group:
Kirin Smith, Chief Operating Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.