By Sheri Kasprzak
Atlanta, Dec. 14 - Rentcash Inc. said Tuesday it has wrapped a private placement for C$8.32 million.
The offering was upsized from its previously announced C$6.4 million offering.
Rentcash sold 1.3 million shares at C$6.40 each.
Underwriter Acumen Capital Finance Partners Ltd. exercised an option to sell an additional 300,000 shares.
Based in Edmonton, Alta., Rentcash operates a payday cash advance service and a service that provides debit cards for those who cannot obtain them from banks. The company plans to use the proceeds from the deal for new store expansion and working capital.
Issuer: | Rentcash Inc.
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Issue: | Stock
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Amount: | C$8.32 million
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Shares: | 1.3 million
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Price: | C$6.40
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Warrants: | No
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Underwriter: | Acumen Capital Finance Partners Ltd.
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Announcement date: | Dec. 1
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Settlement date: | Dec. 14
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Stock price: | C$7.40 at close Dec. 1
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Stock price: | C$9.50 at close Dec. 14
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