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RS Technologies Repays $10 Million Principal Amount of 15% Secured Debentures Due October 20, 2010 and Accrued and Unpaid Interest Thereon with Common Shares
RS Technologies Repays $10 Million Principal Amount of 15% Secured Debentures Due October 20, 201...
About this update from Real Estate Split Corp Class A
[{"type":"text","content":"\n\n\n\n Oct. 20, 2010 (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\nCALGARY, Oct. 20 /CNW/ - RS Technologies Inc. ("RS") (RS - TSX), a\n technology innovator and manufacturer of advanced composite products\n for infrastructure markets, today announced that it has issued\n 871,338,398 common shares of RS to satisfy its obligation to repay all\n of the $10 million principal amount of 15 percent secured redeemable\n convertible debentures of RS due today and the accrued and unpaid\n interest thereon. RS has approximately 2.23 billion common shares\n issued and outstanding following the share issuance.\n\n\nAbout RS\n\n\nRS is an ISO 9001:2008 certified technology innovator that develops\n advanced composite material products for infrastructure markets. The\n composite products manufactured using the company's proprietary resins\n and processes are typically lighter, more durable and longer-lasting\n than competing products made from the traditional building blocks of\n wood, steel or concrete. RS's flagship product is its award-winning\n RStandard® composite pole. The pole is used as transmission and\n distribution poles to carry electric grids and as communication\n structures for various uses including wireless networks and microwave\n communications systems.\n\n\nFor the latest on RS's developments, go to the company's website at www.grouprsi.com.\n\n\n"RStandard" is a registered trademark of RS.\n\n\n\n \nRS Technologies Inc. Laurien Abel, Investor Relat...