Tower One Wireless Corp (CSE: TO) (OTCQB: TOWTF) (Frankfurt: 1P3N) announces it has received gross proceeds of $2,166,300.00 CDN through the warrant incentive program previously announced on April 4th 2018.

A total of 8,665,201 warrants were exercised to acquire 8,665,201 common shares of the Company at a price of C$0.25 per warrant. The warrant incentive program ended as of April 6th 2018 and a total of 14,620,745 warrants at a price of C$0.40 are eligible and listed for trading on the CSE at this time.

Alejandro Ochoa, CEO of Tower One states: “The success of our warrant exercise program demonstrates the strong support we have from our current shareholders. This additional capital will allow Tower One to continue to execute its business plan to build out its portfolio of over 350 tower sites with 40 towers completed in Colombia and Argentina as well as 15 additional towers under construction in Argentina.  Our next critical step as a Growing Tower Company is to secure a permanent credit facility for this stage of our development. We intend to announce and close on such facility in this Quarter. All current towers have been financed on Equity and Director Interim Loans”

 About Tower One Wireless Corp.

Tower One builds, owns, and leases a portfolio of wireless infrastructure assets to wireless carriers on long term contracts. Tower One is one of a few publicly traded small cap companies in the tower and wireless infrastructure industry. Tower One is operated by a team of telecom and finance professionals with a long history in the telecom and wireless infrastructure business. Tower One Wireless is currently focused on 4G & 5G LTE infrastructure expansion in Latin America.