RESAAS Services Inc. Engages Red Cloud Securities

About this update from Resaas Services, Inc.

[{"type":"text","content":"\n \n \n \n RESAAS Services Inc. Engages Red Cloud Securities\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 15, 2023\n \n \n /CNW/ - RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF) (\n \n \"RESAAS\"\n \n or the\n \n \"Company\"\n \n ), a leading provider of technology solutions for the Real Estate Industry, is pleased to announce a signed engagement with Red Cloud Securities (\"Red Cloud\").\n \n \n \n \n \n \n \n \n \n \n Red Cloud\n \n liquidity services, led by veteran trader\n \n Adam Smith\n \n and his liquidity team, will trade shares of RESAAS on the TSX-V for the purposes of maintaining a reasonable market and improving the liquidity of RESAAS's common shares.\n \n \n \"Building a stronger and more liquid market for the Company's stock will benefit all RESAAS shareholders and potential investors,\" said\n \n Tom Rossiter\n \n , CEO of RESAAS. \"\n \n Red Cloud\n \n has a proven record in providing greater liquidity, a tighter market, and rich insight into the Company's trading activity. Adding\n \n Red Cloud\n \n to our team is a proactive appointment to support the growth of our shareholder base.\"\n \n \n \n Red Cloud\n \n is a decade plus established\n \n Toronto\n \n -based Registered Investment Dealer in\n \n Ontario\n \n ,\n \n Quebec\n \n ,\n \n Alberta\n \n and\n \n British Columbia\n \n and is a member of the Investment Industry Organization of\n \n Canada\n \n (IIROC).\n \n \n The term of engagement is ongoing and may be terminated by either party on 30 days' prior written notice. The Company and\n \n Red Cloud\n \n have an arm's length relationship, but\n \n Red Cloud\n \n and/or its clients may have an interest, directly or indirectly, in the securities of RESAAS. The agreement is principally for the purposes of maintaining market stability and liquidity for the Company's common shares and is not a formal market making agreement. Under the terms of the agreement, the Company will pay\n \n Red Cloud\n \n \n $5,000\n \n per month during the term. There are no performa...

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