Connect with us


TeraGo announces overnight marketed placement of Toronto Stock Exchange units: TGO





TORONTO, March 22, 2021 (GLOBE NEWSWIRE) – TeraGo Inc. (TeraGo or the Company) (TSX: TGO,, today announced that it has launched a market share offering on a daily basis. day (the “Units”) for gross proceeds of approximately $ 15 million (the “Offering”). Each Unit will consist of one common share (“Share”) and one-half common share purchase warrant (each warrant). common share subscription (a “Warrants”). Each entire warrant will entitle its holder to acquire one share of the Company for a period of 18 months after the closing of the Offer. Offering is being made by a syndicate of underwriters led by TD Securities Inc. (the “Underwriters”).

TeraGo has granted the underwriters an over-allotment option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15% of the total number of units, shares and / or warrants or any combination thereof sold as part of the offering to cover over-allotments, if any (the over-allotment option).

The price of the Offer will be established in the context of the market, the price and other final conditions to be determined at the time of entering into a underwriting agreement for the Offer. Closing of the Offering will be subject to customary closing conditions, including listing of the Shares on the Toronto Stock Exchange and any required approvals.

The Company intends to use the net proceeds of the Offering to support the Company’s proposed launch of 5G fixed wireless services in Canada to continue to test and test 5G technology, upgrade its core network and support its current network activities. In addition, a portion of the net proceeds will be used to repay debt and for general corporate purposes.

Units will be offered by way of a simplified prospectus in all provinces of Canada and may also be offered in the United States to qualified institutional buyers in accordance with Rule 144A of the US Securities Act of 1933 (the “US Securities Act”). .

A preliminary short form prospectus containing important information about the Units has been filed with securities regulators in all provinces of Canada. The preliminary simplified prospectus may be supplemented or amended. Copies of the preliminary simplified prospectus may be obtained from TD Securities Inc., TD Tower 9e Floor, 66 Wellington Street West, Toronto, Ontario M5K 1A2 (email: [email protected]). A copy of the preliminary short form prospectus can also be obtained under TeraGo’s company profile on SEDAR at There will be no sale or acceptance of an offer to purchase Units until a receipt for the Final Simplified Prospectus has been issued.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities law, and may not be offered or sold in the United States or to US nationals unless registered under the applicable US Securities Act. state securities laws or an exemption from such registration are available.

Forward-looking statements

This press release includes certain forward-looking statements which are made as of the date hereof. These forward-looking statements may include, but are not limited to, statements relating to Companys’ proposed upgrades to the Companys mainnet, the Company’s continued testing and testing of 5G technology, the Company’s launch of the Unlimited Services. 5G fixed wires in Canada, the size of the Offering and the intended use of the proceeds from the Offering. All of these statements constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements contained in this document that are not statements of historical fact constitute forward-looking information. Forward-looking statements reflect the Company’s views regarding future events and are subject to risks, uncertainties and assumptions, including risks related to the Company’s inability to complete the Offer, continued availability of 5G equipment which is suitable and will allow the Company to complete its technical and customer trials, the impacts and restrictions caused by the COVID-19 pandemic which may be prolonged and which may further delay technical and customer trials, technical and customer test results n ‘ being unsatisfactory for TeraGo or any of its technology partners, the economic viability of any potential service that may result from technical and customer testing, industry competitors who may have superior technology or are faster to take advantage of the 5G technology, the Company’s inability to launch a 5G fixed wireless network business, future regulatory decisions q ui would be unfavorable to the company and the spectrum licenses currently held and the risks described in the Risk Factors section of the preliminary short form prospectus and in the Risk Factors section of the Company’s annual MD&A for the year ended December 31 2020, each available at under Companys company profile. Factors that could cause actual results or events to differ materially include the ability to adjust the terms of the investment and meet the conditions of the investment, failure to receive regulatory approvals with respect to the investment, changes in Canadian securities markets and the company’s inability to launch a successful 5G fixed wireless business. Therefore, readers should not place undue reliance on forward-looking statements, as a number of factors could cause actual results, conditions, actions or future events to differ materially from the objectives, expectations, estimates or intentions expressed in the statements. prospective. Except as required by applicable Canadian securities laws, TeraGo does not intend, and disclaims any obligation, to update or revise any forward-looking statements, whether oral, oral or written, as a result of new information, future events or otherwise.

About TeraGo

TeraGo has a national spectrum portfolio of exclusive 24 GHz and 38 GHz extended spectrum licenses, including 2120 MHz of spectrum in Canada’s 6 largest cities. TeraGo provides cloud, colocation and connectivity services to businesses across Canada. TeraGo manages over 3,000 cloud workloads, operates five data centers in the Greater Toronto Area, Greater Vancouver Area and Kelowna, and owns and manages its own IP network. The company serves business clients in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg.

For more information on TeraGo, please visit

TeraGo Investor Relations

Matt Glover, Gateway Investor Relations
Telephone: 949-574-3860
Email: [email protected]

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]