TORONTO, Feb. 3, 2022 /CNW/ - Redline Communications Group
Inc. ("Redline" or the "Company") (TSX: RDL), a leading provider of
mission-critical data infrastructure for remote and harsh
environments, announces today that it has filed under its SEDAR
profile a material change report (the "Material Change Report")
related to the previously disclosed credit agreement (the "Credit
Agreement") entered into with Edgepoint Wealth Management
("Edgepoint") and two existing investors. The Company has
also filed the Credit Agreement under its SEDAR profile. The
material change report provides additional information with respect
to the Credit Agreement, which was previously announced on
November 22, 2021.
The Material Change Report and the Credit Agreement have been
filed at the request of the Ontario Securities Commission (the
"OSC") in connection with the OSC's review of Redline's continuous
disclosure record related to the Credit Agreement. As a result of
the filing of the Material Change Report and the Credit Agreement,
Staff of the OSC have advised the Company that it will be placed on
the public list of Refiling and Errors in accordance with OSC
Staff Notice 51-711 (Revised) Refilings and Corrections of
Errors.
About Redline
Redline (TSX:RDL) designs and manufactures powerful wide-area
wireless networks for mission-critical applications in challenging
locations. Redline networks are used by oil & gas companies
onshore and offshore, mining companies on surface and underground
operations, distribution utilities for last mile broadband,
municipalities to remotely monitor infrastructure, and by
specialized telecom service providers to deliver premium services.
Hundreds of businesses worldwide rely on Redline to engineer, plan
and deliver ruggedized, secure and reliable networks for their IoT,
voice, data, and video communications needs. For more information,
visit www.rdlcom.com.
SOURCE Redline Communications Group Inc.