By Sheri Kasprzak
New York, April 21 - RepeatSeat Ltd. said it has arranged a C$2.8 million private placement.
The deal includes up to 9,333,333 units of one share and one half-share warrant at C$0.30 each.
The whole warrants are exercisable at C$0.70 for two years.
The proceeds will be used for working capital and marketing expansion activities.
The offering is scheduled to close May 8.
Calgary, Alta.-based RepeatSeat is an entertainment services company focused on ticketing services.
| Issuer: | RepeatSeat Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$2.8 million (maximum)
|
| Units: | 9,333,333 (maximum)
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.70
|
| Pricing date: | April 21
|
| Settlement date: | May 8
|
| Stock symbol: | TSX Venture: RPS
|
| Stock price: | C$0.26 at close April 21
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
