Business
RS Announces Equity Offering
Feb. 16, 2011 (Canada NewsWire Group) -- NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR F...
About this update from Real Estate Split Corp Class A
[{"type":"text","content":"\n\n\n\n Feb. 16, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES\n\n\nCALGARY, Feb. 16 /CNW/ - RS Technologies Inc. ("RS" or the "Company")\n (TSX: RS), a technology innovator and manufacturer of advanced\n composite products for infrastructure markets, today announced that it\n intends to complete the private placement of 1,300,000 units of RS at a\n price of $0.84 per unit, for total gross proceeds of $1.092 million.\n Each unit of RS consists of one common share and one common share\n purchase warrant, each warrant entitling the holder thereof to acquire\n one common share of RS at a price of $1.03 per share for a period of\n two years from the closing date of the private placement. RS intends to\n issue 743,600 units to arm's length subscribers of RS and 556,400 units\n to directors and officers of RS. It is anticipated that closing of the\n private placement will occur on or about February 21, 2011. Completion\n of the private placement is subject to certain conditions including the\n receipt of all necessary regulatory approvals. The securities of RS\n issuable pursuant to the private placement will be subject to a hold\n period of four months and one day from the closing date.\n\n\nRS intends to use the proceeds of the offering to fund its working\n capital needs to enable it to continue as a going concern until the\n middle of April 2011. This will provide RS and...