By Devika Patel
Knoxville, Tenn., Aug. 1 - RepeatSeat Ltd. said it plans to conduct a C$1.5 million non-brokered private placement of stock. It also said it raised $100,000 in the first tranche on July 31.
The company will sell common shares at C$0.12 each. It sold 833,333 shares in the first tranche.
Proceeds will be used for sales and marketing initiatives and general corporate purposes.
Based in Calgary, Alta., RepeatSeat provides ticketing and other services to entertainment venues.
| Issuer: | RepeatSeat Ltd.
|
| Issue: | Common shares
|
| Amount: | C$1.5 million
|
| Price: | C$0.12
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | July 31 (for $99,999.96)
|
| Stock symbol: | TSX Venture: RPS
|
| Stock price: | C$0.18 at close July 31
|
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