On April 24, 2018, Tower One Wireless Corp. (CSE: TO) (OTCQB: TOWTF) (Frankfurt: 1P3N) (“Tower One”) announced that it had received gross proceeds of approximately $2.2 million through its previously announced warrant incentive program.
A total of 8,665,201 warrants were exercised to acquire 8,665,201 common shares of Tower One at a price of $0.25 per warrant. The warrant incentive program ended as of April 6, 2018 and a total of 14,620,745 warrants at a price of $0.40 are eligible and listed for trading on the CSE.
One of a few publicly traded small cap companies in the tower and wireless infrastructure industry, Tower One builds, owns, and leases a portfolio of wireless infrastructure assets to wireless carriers on long term contracts. Tower One is currently focused on 4G & 5G LTE infrastructure expansion in Latin America.
Miller Thomson advised Tower One in this transaction with a team that included Rory Godinho, Rhea Solis and Brian Fast.