Calgary, Canada — December 21, 2020 — Field Safe Solutions, Inc. (“Field Safe Solutions,” or “Field Safe” or the “Company“) a global leader in field data capture and EHS solutions that connect at-risk workers and support the digital transformation of EHS programs, today announced the completion of a non-brokered private placement of 499,995 Field Safe shares at a price of $6.00 per Field Safe share, for gross proceeds of $2,999,970.00. This financing was completed in tranches throughout the April 2020 until December 2020 and there were no finder’s fees paid in connection with the offering.
Field Safe’s CEO, Cameron Barrett, said, “At our last reporting, our top-line growth was 403% year over year, and we are expanding into the US market. This infusion of capital will help ensure we continue to grow and expand.”
We will use this capital to expand the functionality of existing products, invest in new innovations, and to support the company’s growth strategies.
About Field Safe Solutions:
Field Safe Solutions is a cloud-based software as a service company. Our head office is in Calgary, Alberta. Our easy-to-use EHS solution and smarter workflows methodology connect workers and help our clients save time, save money, and save lives. We do this by resolving the field data gap, facilitating real-time communication and information sharing among workers whether at a client site, working from home, at the office, or in transit at any time, anywhere in the world. For more information, visit our website at www.fieldsafesolutions.com and follow us on LinkedIn.
INVESTOR/ANALYST and MEDIA CONTACT
Danny Hay, CFO