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01 Communique Laboratory Inc V.ONE

Alternate Symbol(s):  OONEF

01 Communique Laboratory Inc. is a Canada-based enterprise level cybersecurity provider. The Company has two business units. Its primary focus is on its cyber security business unit focusing on post-quantum cybersecurity with the development and commercialization of its IronCAP technology. IronCAP patent protected cryptographic system is an advanced Goppa code-based post-quantum cryptographic technology that can be implemented on classical computer systems. The Company’s other business unit consists of its remote access business which provides its customers with a suite of secure remote access services and products under its I’m InTouch and I’m OnCall product offerings. Its IronCAP Toolkits are available to vendors and can be used by vendors to build secure post-quantum systems for blockchain, 5G/IoT, data storage, encryption, digital signing and comply with the PKCS#11, OpenSSL and OpenPGP standards. Its IronCAP X is a cybersecurity product for email/file encryption.


TSXV:ONE - Post by User

Comment by cabbieJBJon Jun 10, 2021 2:58pm
104 Views
Post# 33366366

RE:RE:RE:Alumina Partners Draw Down Facility

RE:RE:RE:Alumina Partners Draw Down FacilityAlumina does not appear to be a reason for the 11.6M share increase.  Thus, the reason must be exclusively the exercise of warrants.  Here is the relevant commentary on Alumina in the Q2 MD&A"

On October 7, 2020 the Company entered into a non-binding agreement for a drawdown equity facility with a private equity firm. The agreement provides for equity private placement offerings up to $5,000,000 in units of the Company, with each unit consisting of one common share and one-half of one common share purchase warrant, to be conducted in drawdowns of up to $250,000 per tranche over a period of 24 months with the timing of each tranche to be made by the Company at its sole discretion. The amount and terms of each tranche will be subject to the mutual agreement of the Company and the investor. As at April 30, 2021, no placements had been made.
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