By Laura Lutz
Des Moines, March 12 - Resin Systems Inc. arranged a private placement of shares for up to C$35 million.
The company plans to sell up to 35 million shares at C$1.00 each.
Holders of the company's unsecured promissory notes issued on Jan. 12 will subscribe for C$5 million of the placement. The remainder will be placed through a syndicate of agents.
Settlement is expected on March 29.
Resin is a composite products company based in Calgary, Alta.
| Issuer: | Resin Systems Inc.
|
| Issue: | Shares
|
| Amount: | C$35 million
|
| Shares: | 35 million
|
| Price: | C$1.00
|
| Warrants: | No
|
| Pricing date: | March 12
|
| Settlement date: | March 29
|
| Stock symbol: | Toronto: RS
|
| Stock price: | C$1.00 at close March 12
|
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