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SERVICES OR DISSEMINATION IN THE UNITED
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WATERLOO, ON, Oct. 25, 2021 /CNW/ - Magnet Forensics Inc.
("Magnet Forensics" or the "Company") (TSX: MAGT), a
developer of digital investigation software used globally by public
safety organizations and enterprises, announced today that it has
filed a preliminary short form base shelf prospectus with the
securities regulatory authorities in each of the provinces and
territories of Canada.
The base shelf prospectus, when made final, will
allow Magnet Forensics and certain of its securityholders to
qualify the distribution by way of prospectus in Canada of up to C$950,000,000 of subordinate voting shares,
preferred shares, debt securities, warrants, subscription receipts,
units, or any combination thereof, during the 25-month period that
the base shelf prospectus is effective. It is intended to provide
Magnet Forensics with financing flexibility. The specific terms of
any offering under the base shelf prospectus will be established in
a prospectus supplement, which will be filed with the applicable
Canadian securities regulatory authorities in connection with any
such offering.
This news release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any province, state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such province, state or jurisdiction.
A copy of the preliminary base shelf prospectus
can be found on SEDAR at www.sedar.com.
About Magnet Forensics
Founded in 2010, Magnet Forensics is a developer of digital
investigation software that acquires, analyzes, reports on, and
manages evidence from digital sources, including computers, mobile
devices, IoT devices and cloud services. Magnet Forensics' software
is used by more than 4,000 public and private sector customers in
over 90 countries and helps investigators fight crime, protect
assets and guard national security.
Forward-Looking Statements
This news release may contain "forward-looking information"
within the meaning of applicable securities legislation, which
reflects the Company's current expectations regarding future
events. Forward-looking information is identified by words such as
"will", "expects", "anticipates", "intends", "plans", "believes",
"estimates" or similar expressions concerning matters that are not
historical facts. Forward-looking information is based on a number
of opinions, estimates and assumptions that, while considered by
the Company to be appropriate and reasonable as of the date of this
news release, are subject to a number of risks and uncertainties,
many of which are beyond the Company's control. Such risks and
uncertainties include, but are not limited to, risks related to
those factors discussed in greater detail under "Risk Factors" in
the Company's supplemented PREP prospectus dated April 28, 2021 and under "Summary of Factors
Affecting our Performance" section of the Company's MD&A for
the three- and six-months ended June 30,
2021 ", both of which are available under the Company's
SEDAR profile at www.sedar.com. Actual results could
differ materially from those projected herein. Unless otherwise
noted or the context otherwise requires, the forward-looking
information contained in this news release is provided as of the
date of this news release. The Company does not undertake any
obligation to update such forward-looking information, whether as a
result of new information, future events or otherwise, except as
expressly required under applicable securities laws.
SOURCE Magnet Forensics Inc.