07:23 AM EST, 12/17/2024 (MT Newswires) -- Edgewater Wireless Systems Inc. ( KPIFF ) overnight Monday announced its intention to increase the size of its prior announced non-brokered private placement financing from $1.1 million to $1.95 million.

A statement noted the company may now issue up to 39 million units of the company at a price of $0.05 per unit. All other terms of the offering will remain the same. The offering remains subject to TSX Venture Exchange approval.