Business
RESAAS Announces the Fully Subscribed Closing of Its Non-Brokered Private Placement
VANCOUVER, BC / ACCESSWIRE / May 31, 2019 / RESAAS Services Inc. (TSX-V:RSS, OTCQB: RSASF, "...
About this update from Resaas Services, Inc.
[{"type":"text","content":"RESAAS Announces the Fully Subscribed Closing of Its Non-Brokered Private PlacementVANCOUVER, BC / ACCESSWIRE / May 31, 2019 / RESAAS Services Inc. (TSX-V:RSS, OTCQB: RSASF, \"RESAAS\"), a cloud-based technology platform for the real estate industry, is pleased to announce that its previously disclosed non-brokered private placement (the \"Private Placement\") has been Fully Subscribed for and has closed for aggregate gross proceeds to RESAAS of $1,000,000.The Private Placement involved the sale of 4,000,000 units (the \"Units\") at a price of $0.25 per Unit. Each Unit consists of one RESAAS common share and one-half common share purchase warrant exercisable at $0.30 until May 31, 2020. The Private Placement is subject to final approval of the TSX Venture Exchange. All securities issued pursuant to the Private Placement are subject to a four month hold period in accordance with applicable Canadian securities laws.The Company shall pay eligible finders cash commissions in the amount of $22,800, consisting of up to 8% of the aggregate proceeds from the sale of units to purchasers introduced by the finders.The proceeds of the Private Placement will be used to accelerate growth marketing of RESAAS' core technology solution into strategic markets, and for general working capital purposes. 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 United 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:...