First Responder Technologies Inc. ('First Responder' or the 'Company') (CSE: WPN) a developer of WiFi based technologies to detect and deter massshooting and terror attacksinvolving concealed weapons, is pleased to announce that it will begin trading on the Canadian Securities Exchange ('CSE') under the stock symbol 'WPN' on January 16, 2020.
On January 14, 2020 the Company completed its initial public offering (the 'Offering') of 13,974,186 units (each a 'Unit') issued at a price of $0.35 per Unit. The Offering generated aggregate gross proceeds of $4,890,965.10 pursuant to a prospectus dated November 14, 2019 (the 'Prospectus'). Each Unit is comprised of one common share of the Company (each a 'Common Share') and one half of one common share purchase warrant (each whole warrant being a 'Warrant'). Each Warrant is exercisable into one Common Share at a price of $0.50 per Common Share for a period of twenty four months from today's date. A copy of the Prospectus is available under the Company's profile on SEDAR at www.sedar.com.
About First Responder Technologies Inc.
First Responder Technologies Inc. (the 'Company') is a technology development company that commercializes academic and internally developed intellectual property for use in the public safety market. The Company is developing a WiFi based technology, based in part, on academic research licensed from Rutgers, the State University of New Jersey ('Rutgers') that can be used to detect concealed weapons. The Company's threat detection technology line of business was created to capture a significant portion of the global weapons detection systems market, and in particular, the global perimeter security detection market. In the Company's view, WiFi based threat detection technology may be utilized by a wide range of facilities, including schools, places of worship, shopping centres and theatres, to not only make their premises secure, but also reduce their cost of security, from the interior of a facility to the perimeter.
Contact:
Email: lyle@firstrespondertech.com
CAUTION REGARDING FORWARD LOOKING INFORMATION
Certain statements contained in this news release may constitute forward looking information. Forward looking information is often, but not always, identified by the use of words such as 'anticipate', 'plan', 'estimate', 'expect', 'may', 'will', 'intend', 'should', and similar expressions. Forward looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward looking information. The Company's actual results could differ materially from those anticipated in this forward looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward looking information should not be unduly relied upon. Any forward looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
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