Non-brokered deal expected to fund general working capital purposes
By Devika Patel
Knoxville, Tenn., July 30 – Resaas Services Inc. said it completed a C$4.01 million non-brokered private placement of units. The deal priced for C$4 million on July 17.
The company sold units of one common share and one warrant at C$2.55 per unit.
Each warrant is exercisable at C$3.00 for 18 months. The strike price is a 14.29% discount to C$3.50, the July 29 closing share price.
Proceeds will be used for general working capital purposes.
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 warrant
|
| Amount: | C$4,005,803
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| Price: | C$2.55
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$3.00
|
| Agent: | Non-brokered
|
| Pricing date: | July 17
|
| Settlement date: | July 30
|
| Stock symbol: | CNSX: RSS
|
| Stock price: | C$3.50 at close July 29
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