Non-brokered deal consists of units of one share, a half-share warrant
By Devika Patel
Knoxville, Tenn., Feb. 25 - Resaas Services Inc. said it has increased a private placement of units. It will now raise C$2 million in the offering, which priced for C$1.5 million on Wednesday.
The company will now sell 1,481,482 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.
Based in Vancouver, B.C., Resaas is a technology company focused on servicing the real estate industry.
| Issuer: | Resaas Services Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2 million
|
| Units: | 1,481,482
|
| 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
|
| Upsized: | Feb. 25
|
| Settlement date: | March 7
|
| Stock symbol: | CNSX: RSS
|
| Stock price: | C$1.39 at close Feb. 22
|
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