TORONTO, ONTARIO--(Marketwired - Feb. 17, 2017) -
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SecureCom Mobile Inc. (the "Company") (CSE:SCE)(CSE:SCE.CN)(OTCBB:SCQBD)(FRANKFURT:6SUP) announces it has extended the closing date for the previously announced non-brokered private placement offering of up to 12,162,162 units of the Company (the "Offering") to March 24, 2017. For additional information in respect of the Offering please see the press release of the Company dated January 11, 2017.
Closing of the Offering remains subject to receipt of all applicable regulatory approvals.
Stock Option Grant
The Company has granted stock options to certain directors, officers and consultants of the Company to purchase up to 750,000 common shares of the Company at a price of $0.40 per common share. The options are exercisable on or before February 16, 2022 and vest immediately.
The stock options are being granted pursuant to the terms of the Company's stock option plan and are subject to regulatory approval.
About SecureCom Mobile Inc.
SecureCom Mobile Inc. under the brand SecurePair™ develops and markets consumer software and hardware encryption communications products for mobile phones, tablets, and computer-based platforms. Its technology enables people to communicate, in complete privacy, with ease, using voice, text and data messaging. The Company employs cryptographically strong algorithms and protocols to shield communication from surveillance and analysis. Its encryption scheme cannot be circumvented by mobile carriers or other parties, thereby ensuring total privacy. SecureCom Mobile products are available for the Android and coming soon for iOS. See also www.securecommobile.com.
Forward Looking Information:
This news release contains "forward-looking information" within the meaning of applicable securities laws. Although SecureCom believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because SecureCom can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. SecureCom undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of SecureCom, its securities, or financial or operating results (as applicable). SecureCom disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.