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RS Technologies Repays $25 Million Principal Amount of 8.5% Unsecured Debentures Due October 7, 2010 and Accrued and Unpaid Interest Thereon with Common Shares
RS Technologies Repays $25 Million Principal Amount of 8.5% Unsecured Debentures Due October 7, 2...
About this update from Real Estate Split Corp Class A
[{"type":"text","content":"\n\n\n\n Oct. 7, 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\n CALGARY, Oct 7 /CNW/ - RS Technologies Inc. ("RS") (RS - TSX), a\n technology innovator and manufacturer of advanced composite products for\n infrastructure markets, announced that it has issued 1,136,529,575\n common shares of RS today to satisfy its obligation to repay all of the\n $25 million principal amount of 8.5% unsecured convertible debentures of\n RS due on October 7, 2010 (the "Unsecured Debentures") and the accrued\n and unpaid interest thereon. As required by the TSX, RS obtained\n approval of the common shares issued in respect of the satisfaction of\n the principal amount of the Unsecured Debentures by way of written\n consent of shareholders (excluding directors of RS who, directly or\n indirectly, owned or controlled, Unsecured Debentures) holding a\n majority of the common shares of record as at August 17, 2010. RS has\n approximately 1.36 billion common shares issued and outstanding\n following the share issuance.\n \n\n About RS\n \n\n RS 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® comp...