By Devika Patel
Knoxville, Tenn., July 30 - RTN Stealth Software Inc. said it has arranged a C$1.5 million private placement of units.
The company will sell 4,285,714 units at C$0.35 apiece. Each unit consists of one common share and one half-share warrant. Each whole warrant will be exercisable at C$0.50 until July 30, 2011.
Settlement is expected on Aug. 31.
Proceeds will be used for working capital and general corporate purposes.
The software company is based in Vancouver, B.C.
| Issuer: | RTN Stealth Software Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1.5 million
|
| Units: | 4,285,714
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | July 30, 2011
|
| Warrant strike price: | C$0.40
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 31
|
| Stock symbol: | OTCBB: RTNSF
|
| Stock price: | $0.35 at close July 29
|
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