SOURCE: SecureCom Mobile

SecureCom Mobile

February 29, 2016 18:28 ET

SecureCom Mobile Closes Equity Private Placement

VANCOUVER, BC--(Marketwired - February 29, 2016) - SecureCom Mobile ("SecureCom", "the Company") (CSE: SCE) (OTCBB: SCQBF) (FRANKFURT: S6UN) is pleased to announce that is has closed the non-brokered private placement of units at a price of $0.15 per unit (the "Unit"). Each Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"), with each Warrant exercisable into one common share of the Company for a period of 1 year from closing at an exercise price of $0.25.

The Company has completed the sale of 4,153,333 Units for gross proceeds of $623,000. The issuance of Units are subject to a 4-month hold period from the date of issue. A finder's fee of $62,300 CDN and 415,333 finder's warrants on the same terms as the warrants above, will be paid to qualified finders for their work on the placement.

SecureCom intends to use the funds raised from the issuance of the Units for the roll out of its version 2.0 software and general working capital purposes.

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 Blackberry platforms, and coming soon for iOS.

SecureCom Mobile Inc. trades on the Canadian Securities Exchange under the symbol SCE and Frankfurt Stock Exchange S6UN WKN#: A12CAR and the OTC Markets under symbol SCQBF.

See http://www.securecommobile.com (English) or http://www.securecommobile.de (German) For further information please contact: Peter Wilson, Director, +1.604.484.8989 E-mail: info@securecommobile.com

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release

Contact Information

  • For further information please contact:
    Peter Wilson
    Director
    Telephone: 1.604.484.8989
    E-mail: info@securecommobile.com