TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO, www.terago.ca), announced today that it will be hosting a conference call on Thursday, November 7, 2019, at 8:30 am ET to discuss the Company’s financial results for the third quarter of 2019. The complete financial results are expected to be released after market close on Wednesday, November 6, 2019.
TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO, www.terago.ca), today announced financial and operating results for the second quarter ended June 30, 2019.
“Business activity for the second quarter was largely consistent with the first quarter of 2019 and we remain focused on managing costs this year as we enhance sales effectiveness, build our sales pipeline and broaden our sales reach through channel partnerships,” said Tony Ciciretto, President and CEO of TeraGo. “ISED’s recent decision permitting the future conversion of our 38 GHz spectrum to a flexible use licensing model provides much of the needed clarity to provide continuity in our business and drive value from our spectrum assets. We hope to see this rationale applied to our 24 GHz licenses as well, when ISED considers the conversion of this band to a flexible use licensing model as part of Canada’s 5G spectrum plan. With the financing we secured in the second quarter, TeraGo is in strong financial position advance its 5G fixed wireless service initiatives.”
“CNSG enters the Canadian Cloud market”
TeraGo Networks Inc. (“TeraGo”), the operating subsidiary of TeraGo Inc. (TSX: TGO, www.terago.ca) is excited to announce a new partnership with U.S.-based Converged Network Services Group (CNSG). CNSG is the Premier Master Distributor for the design and delivery of complete technology solutions and the new partnership will facilitate CNSG’s entrance into the Canadian Cloud market.
TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO, www.terago.ca), is pleased to announce that it has closed its previously announced bought deal offering (the “Offering”), including the exercise in full of the underwriters’ over-allotment option. The Company issued and sold today an aggregate of 805,000 Common Shares at a price of $11.00 per Common Share for gross proceeds of $8,855,000.
TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO, www.terago.ca), announces that the nominees listed in the management information circular for the Company’s 2019 Annual and Special Meeting of Shareholders (the “Meeting”) were each re-elected as directors of TeraGo.
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TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO, www.terago.ca), announces that further to its previously announced bought deal offering (the “Offering”) on June 11, 2019, it has entered into an underwriting agreement with a syndicate of underwriters led by TD Securities Inc., and including Canaccord Genuity Corp., Cormark Securities Inc. and Desjardins Securities Inc. (collectively, the “Underwriters”) who have agreed to buy on a bought deal basis 700,000 common shares of TeraGo (“Common Shares”) at a price of $11.00 per Common Share (the “Offering Price”) for gross proceeds of $7,700,000. In connection with the Offering, the Company has also filed today a preliminary short form prospectus (the “Preliminary Prospectus”).
Toronto, ON – June 11, 2019 – TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO, www.terago.ca), has announced today that it has entered into an agreement with a syndicate of underwriters (collectively, the “Underwriters”) led by TD Securities Inc., under which the Underwriters have agreed to buy on a bought deal basis an aggregate of 700,000 common shares (the “Shares”), at a price of $11.00 per Share for gross proceeds of $7.7 million (the “Offering”). TeraGo has granted the Underwriters an overallotment option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the total number of Shares sold under the Offering to cover over-allotments, if any (the “Over-Allotment Option”). If the Over-Allotment Option is exercised in full, the gross proceeds will be approximately $8.9 million.
Toronto – June 6, 2019 – TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO, www.terago.ca), is pleased to announce that upon expiry in 2025, all of its 38 GHz fixed wireless spectrum licences in compliance with current licence conditions will be eligible for renewal under the new flexible use licence model as part of Innovation, Science and Economic Development Canada’s (ISED) decision on releasing millimetre wave spectrum to support 5G, which came out yesterday.