Business
RESAAS Announces Non-Brokered Private Placement to Raise up to $1,000,000
VANCOUVER, BC / ACCESSWIRE / May 17, 2019 / RESAAS Services Inc. (TSX-V:RSS, OTCQB: RSASF, "...
About this update from Resaas Services, Inc.
[{"type":"text","content":"RESAAS Announces Non-Brokered Private Placement to Raise up to $1,000,000VANCOUVER, BC / ACCESSWIRE / May 17, 2019 / RESAAS Services Inc. (TSX-V:RSS, OTCQB: RSASF, \"RESAAS\"), a cloud-based technology platform for the real estate industry, is pleased to announce its intention to raise up to $1,000,000 by way of a non-brokered private placement of up to 4,000,000 units (the \"Units\") at a price of $0.25 per Unit (the \"Private Placement\"). Each Unit will consist one RESAAS common share and one-half warrant to purchase a common share of RESAAS exercisable at $0.30 for 1 year from the date of the closing of the Private Placement.The closing of the Private Placement is expected to occur on or before May 31, 2019, and is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four month hold period in accordance with applicable Canadian securities laws.The proceeds of the Private Placement will be used to enable growth marketing of RESAAS' core technology solution into strategic markets, and for general working capital purposes. The closing of the Private Placement is not subject to any condition that a minimum amount of proceeds be raised by RESAAS.The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the Untied States or to, or for the account of benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of such Act. This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.###About RESAAS Services Inc.RESAAS is a cloud-based and blockchain technology platform that enables real estate brokerages, franchises and associations to bring real-time communication, new business opportunities and unique data to their agents on a global basis. Visit www.resaas.com for more information.For more information contact:Tom Rossiter, CEO RESAAS Services Inc. Telephone: (604) 558-2929; Email: in...