By Devika Patel
Knoxville, Tenn., June 30 - Resin Systems Inc. said it will raise C$10 million in a private placement of stock.
The company will sell 9,615,385 common shares at C$1.04 per share. Insiders may participate in the private placement for up to C$5 million.
Settlement is expected July 21.
Proceeds will be used for general corporate purposes.
Resin is a composite products company based in Calgary, Alta.
| Issuer: | Resin Systems Inc.
|
| Issue: | Common shares
|
| Amount: | C$10 million
|
| Shares: | 9,615,385
|
| Price: | C$1.04
|
| Warrants: | No
|
| Pricing date: | June 30
|
| Settlement date: | July 21
|
| Stock symbol: | Toronto: RS
|
| Stock price: | C$1.02 at close June 30
|
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