Big Wind Capital

October 16, 2017 15:11 ET

Big Wind Capital Inc.: Amended Financing Terms

KELOWNA, BRITISH COLUMBIA--(Marketwired - Oct. 16, 2017) -


Big Wind Capital Inc. (CSE:BWC)(CSE:BWC.CN)(CNSX:BWC) (the "Company") announces that further to the Company's news release dated July 17, 2017, the Company has amended the terms of the $0.40 financing. The financing originally announced on July 17, 2017 at $0.40 per common share for gross proceeds of up to $500,000 has been amended to a minimum of 3,000,000 units (the "Units") at a price of $0.35 per Unit for gross proceeds of a minimum of $1,050,000 and up to a maximum of 5,000,000 Units for gross proceeds of $1,750,000 (the "Concurrent Financing").

Each Unit will consist of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share (a "Warrant Share") at a price of $0.40 per Warrant Share for a period of two (2) years from the date of issuance. The Warrants will be subject to an acceleration clause whereby if the Shares trade equal to or greater than $0.80 for a period of ten (10) consecutive trading days, then the Company may, at its discretion, give notice to the holders of the Warrants that the expiry time of the Warrants has been accelerated and the Warrants will expire on a date that is not less than fifteen (15) days after notice is given.

The Company may also pay finders' fees in connection with the Concurrent Financing in accordance with the policies of the Canadian Securities Exchange (the "CSE") and applicable securities legislation.

Completion of the previously accounted transaction with Hill Top Security, Inc. (the "Transaction") is subject to a number of other conditions, including but not limited to acceptance by the CSE and completion of mutual due diligence. There can be no assurance that the Transaction will be completed as proposed or at all. Further details regarding the proposed Transaction will be provided in a news release, if and when the parties enter into a definitive agreement.

Forward-Looking Information

Certain statements included in this news release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management or the negative thereof or similar variations. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company.

All information in this news release concerning HTSI has been provided for inclusion herein by HTSI. Although the Company has no knowledge that would indicate that any information contained herein concerning HTSI is untrue or incomplete, the Company assumes no responsibility for the accuracy or completeness of any such information.

Investors are cautioned that, except as disclosed in the listing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.

Statements about the closing of the Transaction and the completion of the Concurrent Financing, and the parties' ability to satisfy any and all other closing conditions, and receive necessary regulatory and CSE approvals in connection therewith, are all forward-looking information. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the Transaction will occur or that, if the Transaction does occur, it will be completed on the terms described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or sold in the "United States", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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