By Sheri Kasprzak
Atlanta, May 6 - Redex Inc. said it plans to head to the private placement market with an offering for up to C$1,125,000.
The deal includes up to 5 million units at C$0.225 each.
The units are comprised of one share and one half-share warrant. The full warrants allow for an additional share at C$0.30 each for two years.
Based in Montreal, Redex acquires and develops residential and commercial real estate.
| Issuer: | Redex Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1,125,000 (maximum)
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| Units: | 5 million (maximum)
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| Price: | C$0.225
|
| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Pricing date: | May 5
|
| Stock price: | C$0.20 at close May 5
|
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