By Laura Lutz
Des Moines, Sept. 8 - RepeatSeat Ltd. intends to conduct a private placement of units to raise up to C$1 million.
The company will sell each unit of one common share and one half-share warrant for C$0.30. Each whole warrant will be exercisable at C$0.70 for two years.
The placement is expected to close on Sept. 22.
Proceeds will be used for marketing expansion and working capital.
RepeatSeat is a provider of private-label ticketing based in Calgary, Alta.
| Issuer: | RepeatSeat Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1 million
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration; | Two years
|
| Warrant strike price: | C$0.70
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 22
|
| Stock symbol: | TSX Venture: RPS
|
| Stock price: | C$0.25 at close on Sept. 8
|
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