First Responder Technologies Announces Private Placement
FIRST RESPONDER TECHNOLOGIES ANNOUNCES PRIVATE PLACEMENT
Not for distribution to U.S. news wire services or dissemination in the United States
Vancouver, British Columbia – October 6, 2020 – First Responder Technologies Inc. (“First
Responder” or the “Company”) (CSE: WPN | OTCQB: WPNNF | FWB: 3WK), a developer of WiFi‐
based technologies for detecting concealed weapons and for deterring mass shooting and terror
attacks involving concealed weapons, is pleased to announce it is undertaking a non‐brokered
private placement of up to 10 million units (the “Units”) at a price of CDN$0.10 per Unit for gross
proceeds of up to CDN$1,000,000 (the “Offering”). Each Unit consists of one common share of
the Company (a “Share”) and one Share purchase warrant (a “Warrant”). Each Warrant will
entitle the holder to acquire one additional Share at a price of CDN$0.20 per Share, for a period
of 24 months from the date of issuance.
The Company may pay finder’s fees and/or commissions to eligible persons in connection with
the Offering in accordance with applicable securities laws and the policies of the Canadian
Securities Exchange (the “CSE”).
The net proceeds of the Offering will be used for product development (including research,
development and testing of the Beta version of the Company’s Sentinel Suite of products) and
general corporate purposes.
In accordance with applicable securities laws, all securities issued under the Offering will be
subject to a four month and one day hold period from the date of issuance. Closing of the Offering
is subject to certain conditions customary for transactions of this nature, including, but not
limited to, the receipt of all necessary approvals, including the approval of the CSE.
No securities regulatory authority has either approved or disapproved of the contents of this news
release. The securities of the Company have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or
sold in the United States, or to or for the account or benefit of any person in the United States,
absent registration or an applicable exemption from the registration requirements. This press
release shall not constitute an offer to sell or the solicitation of an offer to buy any common shares
in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be
unlawful.
On behalf of the Board of Directors,
“Robert F. Delamar”
Robert F. Delamar, CEO
First Responder Technologies Inc.
915 ‐ 700 West Pender Street
Vancouver, BC. V6C 1G8
+1‐604‐227‐9821
About First Responder Technologies Inc.
First Responder Technologies Inc. (the “Company”) is a technology development company that
commercializes academic and internally developed intellectual property for use in the public
safety market. The Company is developing a WiFi‐based technology, based in part, on academic
research licensed from Rutgers, the State University of New Jersey (“Rutgers”) that can be used
to detect concealed weapons. The Company’s threat detection technology line of business was
created to capture a significant portion of the global weapons detection systems market, and in
particular, the global perimeter security detection market. In the Company’s view, WiFi‐based
threat detection technology may be utilized by a wide range of facilities, including schools, places
of worship, shopping centres and theatres, to not only make their premises secure, but also
reduce their cost of security, from the interior of a facility to the perimeter.
For Further Information, Please Contact:
General Inquiries:
Media Contacts:
Mr. Alastair Macmichael
CAUTION REGARDING FORWARD‐LOOKING INFORMATION
Certain statements contained in this news release may constitute forward‐looking information.
Forward‐looking information is often, but not always, identified by the use of words such as
“anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar
expressions. Forward‐looking information involves known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ materially from those anticipated
in such forward‐looking information. The Company’s actual results could differ materially from
those anticipated in this forward‐looking information as a result of regulatory decisions,
competitive factors in the industries in which the Company operates, prevailing economic
conditions, changes to the Company’s strategic growth plans, and other factors, many of which
are beyond the control of the Company. The Company believes that the expectations reflected
in the forward‐looking information are reasonable, but no assurance can be given that these
expectations will prove to be correct and such forward‐looking information should not be unduly
relied upon. Any forward‐looking information contained in this news release represents the
Company’s expectations as of the date hereof, and is subject to change after such date. The
Company disclaims any intention or obligation to update or revise any forward‐looking
information whether as a result of new information, future events or otherwise, except as
required by applicable securities legislation.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release. The Canadian Securities Exchange has not in any way passed
upon the merits of the transactions proposed herein and has neither approved nor disapproved
the contents of this press release.