Lite Access Announces Private Placement Financing of $2,500,000

September 12, 2016 – Vancouver, British Columbia, LITE ACCESS TECHNOLOGIES INC. (the “Company”) (CSE: LTE, Pink Sheets: LTCCF), a total integrated fibre optic solutions provider, proposes to complete a non-brokered private placement financing of 2,173,913 common shares at a price of $1.15 per share for gross proceeds of $2,500,000 (the “Offering”).

 

The proceeds of the Offering will be used for working capital purposes.  The Company may pay a finders’ fee equal to 6% of the gross proceeds of the Offering.

 

The securities offered pursuant to the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any United States state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Lite Access

Lite Access is a world leader in microduct and fibre optic technologies. Using its specially designed and innovative micro-trench and micro-drill methods of deployment, Lite Access’ proprietary microduct technology extends a network provider’s ability to deliver true broadband connectivity directly to end-users, such as homes, government and educational institutions, and emergency response facilities. Providing a full portfolio of fibre connectivity solutions for many types of Telecom infrastructure, Lite Access has successfully deployed thousands of kilometres of microduct networks throughout North and South America, the United Kingdom, the Caribbean, Australia and Asia.

Lite Access’ products have been deployed in many high profile communication networks including the Whistler 2010 Winter Olympic facilities, builds within the State of New York including Central Park, the Bering Sea for the TV show “the Deadliest catch”, fibre to the home at Stanford University and numerous other locations around the globe that have adopted Lite Access as the “solution of choice” for future proof fibre optic connectivity.

For further information please contact:

 

Lite Access Technologies Inc.
Phone: 1-604-247-4704

1115 – 1215, 6900 Graybar Rd.

Richmond, BC V6W 0A5
www.liteaccess.com
For investor relations please contact:

 

Rob Gamley

Phone: 1-604-689-7422

Email: rob@contactfinancial.com

Contact Financial Corp.

1450 – 701 West Georgia St.

Vancouver, BC V7Y 1G5

 

View the full PDF here – lte-nr-financing-sept-12-2016-final

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