Non-brokered deal funds expansion of the Resaas platform into Europe
By Devika Patel
Knoxville, Tenn., June 25 - Resaas Services Inc. said it plans a C$2 million non-brokered private placement of units.
The company will sell units of one common share and one half-share warrant at C$1.10 per unit.
Each whole warrant will be exercisable at C$1.50 for 18 months. The strike price is a 16.28% premium to C$1.29, the June 24 closing share price.
Proceeds will be used for expansion of the Resaas platform into Europe.
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
|
| Price: | C$1.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.50
|
| Agent: | Non-brokered
|
| Pricing date: | June 25
|
| Stock symbol: | CNSX: RSS
|
| Stock price: | C$1.29 at close June 24
|
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