KWESST Announces Closing of Private Placement of Units for Gross Proceeds of $1.5 million
Ottawa, Ontario--(Newsfile Corp. - September 16, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or the "Company") is pleased to announce the closing of a non-brokered private placement of 750,000 units at a price of $2.00 per unit, for aggregate gross proceeds to KWESST of $1.5 million. "The financing was provided by two investors namely a financial institution which is already a shareholder of KWESST and sought to increase its position and one new strategic investor,"...
2021-09-16 11:37 AM EDT
KWESST Announces Listing of Warrants
Ottawa, Ontario--(Newsfile Corp. - August 26, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSXV") has conditionally accepted the listing (the "Supplemental Listing") of 3,536,057 common share purchase warrants of the Company (the "Warrants") issued in connection with its over-subscribed brokered private placement of 3,536,057 units, which closed on April 29, 2021 (the "Offering"). The TSXV...
2021-08-26 4:35 PM EDT
KWESST Provides Corporate Update to Investors
Ottawa, Ontario--(Newsfile Corp. - August 25, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company"), a publicly-traded company listed on the TSX Venture Exchange (symbol: KWE) and the OTCQB© Markets (symbol: KWEMF) today provided a corporate update to investors in conjunction with the filing of its Q3 Fiscal 2021 financial results. "We continue to make quiet but steady progress against our plan on all fronts," said Jeff MacLeod, KWESST Founder, President and...
2021-08-25 12:53 PM EDT
KWESST Applies for Listing of Company's April 2023 Warrants
Ottawa, Ontario--(Newsfile Corp. - August 18, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or the "Company"), a publicly-traded company listed on the TSX Venture Exchange (symbol: KWE) and the OTCQB© Markets (symbol: KWEMF) announced today it has applied to the TSX Venture Exchange (the "TSXV") for the listing of 3,536,057 common share purchase warrants (the "Warrants") on the TSXV. The Warrants were previously issued during the Company's over-subscribed brokered...
2021-08-18 8:42 AM EDT
KWESST Executive Chairman Interviewed on The Brandon Tatum Show
Ottawa, Ontario--(Newsfile Corp. - August 6, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or the "Company"), a publicly-traded company listed on the OTCQB© Markets (symbol: KWEMF) and the TSX Venture Exchange (symbol: KWE) today reported that its Executive Chairman, David Luxton, gave an interview on the highly popular YouTube channel called "The Officer Tatum". The interview is available at https://www.youtube.com/watch?v=938LuSbl9yo&t=13s. Cannot view this vid
2021-08-06 10:17 AM EDT
KWESST Qualifies for Innovation Solutions Canada Funding
Ottawa, Ontario--(Newsfile Corp. - August 5, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or the "Company"), a publicly-traded company listed on the OTCQB© Markets (symbol: KWEMF) and the TSX Venture Exchange (symbol: KWE) today announced that it has received notification from Innovation Solutions Canada ("ISC") that it has qualified for up to $1.5M in project funding in support of the further development and productization of its TASCS IFM system, Phantom electronic...
2021-08-05 8:47 AM EDT
KWESST Expands LEC Team with New Hire
Ottawa, Ontario--(Newsfile Corp. - July 22, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") following the successful live demo of its non-lethal Low Energy Cartridge ("LEC") system in British Columbia on July 9th, 2021, KWESST has hired Blaine Groves to lead the ongoing productization effort of the LEC system starting in early September. Blaine brings a wealth of knowledge and expertise in the manufacturing of firing platforms. Over the last 17 years...
2021-07-22 8:30 AM EDT
Brandon Tatum Becomes Advisor and Advocate for KWESST's Non-Lethal Low Energy Cartridge System in the U.S.
Ottawa, Ontario--(Newsfile Corp. - July 21, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company"), a publicly-traded company listed on the OTCQB© Markets (symbol: KWEMF) and the TSX Venture Exchange (symbol: KWE) today announced that Brandon Tatum, who runs the highly successful YouTube channel called "The Officer Tatum" with over 1.6 million subscribers, has agreed to act as advisor and be an advocate for KWESST's non-lethal Low Energy System ("LEC") system...
2021-07-21 8:26 AM EDT
KWESST Releases Video Clip of Low Energy Cartridge Product in Action
Ottawa, Ontario--(Newsfile Corp. - July 13, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today released its first public video demonstrating the Company's non-lethal Low Energy Cartridge (LEC) product in action. KWESST expects to release additional footage in the coming weeks. The video is available on KWESST's YouTube channel at https://www.youtube.com/watch?v=a22sm6OE5c4. Cannot view this video? Visit:
2021-07-13 8:32 AM EDT
KWESST Releases Commercialization Roadmap for Low Energy Cartridge Product Line
Ottawa, Ontario--(Newsfile Corp. - July 12, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced key details of the commercialization road map of its non-lethal Low Energy Cartridge (LEC) product line, which will culminate with an official commercial launch at the 2022 SHOT Show® in Las Vegas, January 18 - 21. Jeff MacLeod, Founder, CEO and President of KWESST, stated that, "On Friday July 9th, we successfully completed our first public live...
2021-07-12 8:34 AM EDT
KWESST to Hold First Live Demo of Non-Lethal Low Energy Cartridge System
Ottawa, Ontario--(Newsfile Corp. - June 30, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it will hold the first ever live demonstration of its Low Energy Cartridge (LEC) system. The demonstration will be held in the Whistler, British Columbia area in the afternoon of July 9th, 2020. In attendance for KWESST will be the Company's Executive Chairman David Luxton and the C.E.O. Jeff MacLeod. While not open to the general public,...
2021-06-30 11:06 AM EDT
KWESST Extends Investor Relations Agreement with Emerging Markets Consulting
Ottawa, Ontario--(Newsfile Corp. - June 8, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce that it has extended the term of its previously announced agreement with Emerging Markets Consulting, LLC (EMC) until June 8th, 2022. EMC will continue to provide investor relation services to KWESST, including electronic media and webcast services, design, development and dissemination services. Jeff MacLeod, President and CEO of KWESST,...
2021-06-08 3:31 PM EDT
KWESST Appoints Middle East Representative for UAE
Ottawa, Ontario--(Newsfile Corp. - May 28, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce KWESST today announced the appointment of Bin Hilal Enterprises, LLC ("BHE") as its representative in the key Middle East market of the United Arab Emirates ("UAE"). KWESST featured its products at the signature IDEX defence show in Abu Dhabi in February 2021 and received many expressions of interest from end-users and prospective industry...
2021-05-28 8:52 AM EDT
KWESST To Hold Investors Update Call on Tuesday May 11th, 2021 at 2:00 PM EDT
Ottawa, Ontario--(Newsfile Corp. - May 7, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce that it will hold an investors update call on Tuesday May 11th, 2021 at 2:00 PM ETD. The details of the call are as follows: Presenter: David Luxton, Executive Chairman of KWESST Topics: Mr. Luxton will describe the significance of the Company's acquisition of Low Energy Cartridge ("LEC") systems and the go-to-market strategy for the LEC ....
2021-05-07 3:19 PM EDT
KWESST Closes over Subscribed Brokered Private Placement for Gross Proceeds of $4.42 Million
Ottawa, Ontario--(Newsfile Corp. - April 29, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce the closing of its over subscribed previously announced brokered private placement for total gross proceeds of C$4,420,071.25 (the "Offering") by the issuance of 3,536,057 units of the Company (the "Units") at a price of $1.25 per Unit. On April 6, 2021, the Company had announced a $2.5 million private placement which got upsized to $4...
2021-04-29 2:20 PM EDT
KWESST Announces U.S. Patent Award for Phantom(TM), Qualifies for Government Programs
Ottawa, Ontario--(Newsfile Corp. - April 20, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced the award of U.S. patent 10,969,467 B1 for Programmable Multi-Waveform RF Generator for Use as Battlefield Decoy. This patent is one of the core technologies of the Company's PhantomTM electronic decoy, as described in the press releases of October 5th and December 30th, 2020. In conjunction with the patent award, the Company confirmed that the...
2021-04-20 2:57 PM EDT
KWESST Updates SEDAR Filings
Ottawa, Ontario--(Newsfile Corp. - April 16, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it has filed on SEDAR an amended Annual Information Form for the fiscal period ended September 30, 2020 and Amended and Restated Condensed Consolidated Interim Financial Statements and MD&A for the three-month period ended December 31, 2020 (the "Q1 Filings"). The primary change to the Q1 Filings is the reversal of $159,124 accrued...
2021-04-16 8:00 PM EDT
KWESST Announces Appointment of VP Operations and Full-Time Engagement of Existing CFO
Ottawa, Ontario--(Newsfile Corp. - April 14, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") today announced that it has appointed Rick Bowes, CD, MA, MBA in the new position of Vice President, Operations to oversee and accelerate market introduction of the Company's products and services for Digitization and Tactical Products ("DTP"). The DTP business unit comprises the bulk of the Company's current products and services, including TASCS, ATAK...
2021-04-14 8:52 AM EDT
KWESST Announces Upsizing of Previously Announced Brokered Private Placement
Ottawa, Ontario--(Newsfile Corp. - April 9, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to announce that in connection with its previously announced brokered private placement (the "Offering"), the Company and PI Financial Corp., the lead agent and sole bookrunner (the "Lead Agent") for the Offering, have agreed to increase the size of the Offering to raise total gross proceeds of $4 million. The Company now intends to issue 3,200,000...
2021-04-09 8:07 AM EDT
KWESST Releases Video and Photos Of TASCS IFM For 81 mm Mortar in U.S. Military Exercises
Ottawa, Ontario--(Newsfile Corp. - April 8, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ("KWESST" or "the Company") is pleased to release approved footage and pictures of the KWESST TASCS Integrated Fires Module ("IFM") in action in live-fire exercises at a U.S. military base. These exercises are being held pursuant to a contract with a key U.S. military customer (for further information please see the December 2020 news release at...
2021-04-08 6:35 AM EDT