Edgewater Wireless arranges loan with CEO; CFO resigns Edgewater Wireless arranges loan with CEO; CFO resigns
Edgewater Wireless Systems Inc (C:YFI)
Shares Issued 169,738,630
Last Close 10/15/2020 $0.045
Wednesday December 2 2020 - News Release
Mr. Andrew Skafel reports
EDGEWATER ANNOUNCES NEW FUNDING AND ORGANIZATIONAL CHANGES
Edgewater Wireless Systems Inc. has secured a loan facility with significant insider participation from the president and chief executive officer, Andrew Skafel, and has provided an update on organizational changes.
Effective immediately, Robert Harper has resigned as chief financial officer of the company. Also, the board of directors is now five members following the departures of Chris McGillivray and Jane Barratt.
"On behalf of the Edgewater Wireless and its board, I would like to thank Bob, Jane and Chris for their contributions and wish them well in their future endeavours," said Brian Imrie, chairman of Edgewater Wireless.
The loan facility arranged by the company will provide funds required to complete the audit of the company's financial statements for the year ended April 30, 2020, and contribute to working capital for continuing operations.
About Edgewater Wireless Systems Inc.
Edgewater Wireless is the industry leader in innovative WiFi spectrum slicing technology for residential and commercial markets. Its products include advanced silicon solutions, access points and IP licensing designed to meet the high-density and high-quality-of-service needs of service providers and their customers. With over 24 patents, Edgewater's multichannel, single radio (MCSR) technology revolutionizes WiFi, delivering next-generation WiFi today.
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