By Devika Patel
Knoxville, Tenn., Nov. 16 - Redex Inc. priced a non-brokered private placement of shares for C$2 million.
The company plans to sell 5,714,285 common shares at C$0.35 each.
The deal is expected to settle by the end of the year. Proceeds will be used for property acquisitions.
Redex is a real estate company based in Montreal.
| Issuer: | Redex Inc.
|
| Issue: | Common shares
|
| Amount: | C$2 million
|
| Shares: | 5,714,285
|
| Price: | C$0.35
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | Nov. 16
|
| Stock symbol: | TSX Venture: RDX
|
| Stock price: | C$0.39 at close Nov. 15
|
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