Company offers units of one share and one warrant at C$1.50 per unit
By Devika Patel
Knoxville, Tenn., Nov. 24 – Resaas Services Inc. said it plans a private placement and a public offering of units. The company has yet to determine the amount it will raise in the sales, which will be conducted with public investors in Canada and private investors in the United States. The public sale will have a 15% greenshoe.
The company will sell units of one common share and one warrant at C$1.50 per unit.
Each whole warrant will be exercisable at C$3.00 for two years. The strike price is a 69.49% premium to C$1.77, the Nov. 23 closing share price.
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
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| Price: | C$1.50
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$3.00
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| Pricing date: | Nov. 24
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| Stock symbol: | CNSX: RSS
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| Stock price: | C$1.77 at close Nov. 23
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