By Sheri Kasprzak
New York, June 8 - RepeatSeat Ltd. wrapped its previously announced private placement for C$1,980,310.
The company issued 6,601,033 units at C$0.30 each.
The units are comprised of one share and one half-share warrant with each whole warrant exercisable at C$0.70 for two years.
The non-brokered offering priced on April 21 as a C$2.8 million deal of 9,333,333 units.
The proceeds will be used for working capital and marketing expansion.
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$1,980,310
|
| Units: | 6,601,033
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.70
|
| Placement agent: | Non-brokered
|
| Pricing date: | April 21
|
| Settlement date: | June 8
|
| Stock symbol: | TSX Venture: RPS
|
| Stock price: | C$0.26 at close April 21
|
| Stock price: | C$0.29 at close June 8
|
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