TORONTO, June 23, 2021 – Baylin Technologies Inc. (the “Company”) announces that holdersof $12,135,000 principal amount of its $17,250,000 6.5% Extendible Convertible Unsecured Debentures (the “Debentures”) have converted their Debentures into common shares of the Company at the reduced conversion price of $1.11, leaving $5,115,000 of the Debentures outstanding.
Baylin is a leading diversified global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio-frequency products, terrestrial microwave products, and services. Baylin aspires to exceed its customers’ needs and anticipate the direction of the market. For further information, please visit www.baylintech.com.
For further information, please contact:
Kelly Myles, Marketing and Communications Director
Baylin Technologies Inc.