NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
TORONTO, March 12, 2018 (GLOBE NEWSWIRE) -- POET Technologies Inc. (TSXV:PTK) (the “Company”) announces that it
has increased its previously announced bought-deal financing to 21,818,000 units (“Units”) of the Company. Cormark Securities
Inc. (the “Underwriter”), on its own behalf and on behalf of a syndicate of underwriters, has agreed to buy and sell to the public
an additional 7,272,500 Units of the Company at a price of C$0.55 per Unit for additional gross proceeds to the Company of
C$3,999,875. Total gross proceeds of the Offering are now C$11,999,900 (the “Offering”). Closing is expected on or about
March 21, 2018 and is subject to regulatory approval including that of the TSX Venture Exchange.
Each Unit will consist of one common share of the Company (each a "Share") and one-half of one common share
purchase warrant (each whole common share purchase warrant a "Warrant"). Each full Warrant shall entitle the holder to
purchase one Common Share at a price equal to C$0.75 for a period of 24 months following the closing of the Offering.
The Underwriter also has an option to purchase up to an additional 3,272,700 Units at the offering price
(representing 15% of the Offering) on the Closing Date for market stabilization purposes and price to cover over-allotments for a
period of 30 days after the date of Closing.
The net proceeds of the Offering will be used by the Company for general corporate matters.
The Units to be issued under this offering will be offered in accordance with the terms of a prospectus
supplement to be filed in all provinces in Canada except Quebec and in the United States on a private placement basis pursuant to
an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and such other
jurisdictions as may be agreed upon by the Company and the Underwriter.
This press release is not an offer or a solicitation of an offer of securities for sale in the United
States. The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable exemption from registration.
About POET Technologies Inc.
POET Technologies is a developer and manufacturer of optical light source products for the sensing and data
communications markets. Integration of optics and electronics is fundamental to increasing functional scaling and lowering the cost
of current photonic solutions. POET believes that its approach to both hybrid and monolithic integration of devices, utilizing a
novel dielectric platform and proven advanced wafer-level packaging techniques enables substantial improvements in device cost,
efficiency and performance. Optical engines based on this integrated approach have applications ranging from data centers to
consumer products to military applications. POET is headquartered in Toronto, with operations in Silicon Valley, the United
Kingdom, and Singapore. More information may be obtained at www.poet-technologies.com.
Forward-Looking Information
This news release contains “forward-looking information” (within the meaning of applicable Canadian securities
laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such
forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual
results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have
been made regarding, among other things, management’s expectations regarding future growth, timely completion of development
projects, capabilities of key vendors and suppliers, availability of capital, and the necessity to incur capital and other
expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks
in the completion of the Company’s anticipated projects, delays or changes in plans of key vendors, suppliers or development
partners, risks affecting the Company’s ability to execute projects, misjudgments about customer requirements, failure to meet
product specifications, the ability to attract key personnel, and the inability to raise additional capital. Although the Company
believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in
the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance
that such expectations will prove to be correct. Forward- looking information and statements contained in this news release are as
of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and
statements except as required by law. Please refer to the Company’s filings with the Canadian and U.S. Securities Commissions for
the full safe harbor language.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax:
416-322-5075
Shareholder Contact:
Shelton Group
Brett L. Berry
sheltonir@sheltongroup.com
