Company selling 16 million units of one share and one warrant in deal
By Devika Patel
Knoxville, Tenn., Sept. 1 – RYU Apparel, Inc. said it raised C$938,926 in the initial tranche of a C$2 million non-brokered private placement of units.
The company is selling 16 million units of one common share and one warrant at C$0.125 per unit. It sold 7,511,408 units in the first tranche.
Each warrant is exercisable at C$0.20 for two years. The strike price reflects a 66.67% premium to the Aug. 31 closing share price of C$0.12.
The fitness apparel brand is based in Vancouver, B.C.
Issuer: | RYU Apparel, Inc.
|
Issue: | Units of one common share and one warrant
|
Amount: | C$2 million
|
Units: | 16 million
|
Price: | C$0.125
|
Warrants: | One warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.20
|
Agent: | Non-brokered
|
Settlement date: | Sept. 1 (for C$938,926)
|
Stock symbol: | TSX Venture: RYU
|
Stock price: | C$0.12 at close Aug. 31
|
Market capitalization: | C$8.22 million
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.