Non-brokered deal consists of units of one share, a half-share warrant
By Devika Patel
Knoxville, Tenn., Feb. 23 - Resaas Services Inc. said it has negotiated a private placement of units. It will raise C$1.5 million.
The company will sell 1,111,110 units of one common share and one half-share warrant at C$1.35 per unit. Each full warrant will be exercisable at C$1.85 for 18 months. The strike price is a 33.09% premium to the Feb. 22 closing share price of C$1.39.
Resaas is a technology company based in Vancouver, B.C.
| Issuer: | Resaas Services Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1.5 million
|
| Units: | 1,111,110
|
| Price: | C$1.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.85
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 23
|
| Stock symbol: | Canada: RSS
|
| Stock price: | C$1.39 at close Feb. 22
|
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