|By Marketwired .||
|August 16, 2013 01:09 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 08/16/13 -- Security Devices International Inc. ("SDI") (TSX VENTURE:SDZ)(OTCBB:SDEV), a defense technology company specializing in the development of innovative, next generation non-lethal ammunition, announced today, further to its prior news release of July 8, 2013, it has filed an amended and restated final long form prospectus (the "Prospectus") with the securities regulatory authorities in Ontario, British Columbia and Alberta in connection with a proposed initial public offering (the "Offering") of a minimum of 7,500,000 common shares (each, a "Common Share") up to a maximum of 10,350,000 Common Shares at a price of $0.40 per Common Share for gross proceeds of a minimum of $3,000,000 up to a maximum of $4,140,000, with no over-allotment option, through Macquarie Private Wealth Inc. The Offering is expected to close on or about August 27, 2013.
This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of SDI in any jurisdiction.
About Security Devices International Inc.
Security Devices International Inc. ("SDI" or "The Company") is a defense technology company specializing in the development of innovative, next generation non-lethal ammunition. SDI is currently in the market-entry stage of deploying their family of non-lethal ammunition to global militaries, law enforcement and correctional agencies.
Forward Looking Statement
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements including information with respect to the offering. These statements are based upon assumptions that are subject to significant risks and uncertainties including those risks identified in the Prospectus. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although SDI believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, SDI disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Security Devices International Inc.
202-351-1633 (U.S.A) or 416-453-7798 (Canada)