RESAAS Grants Stock Options
Not For Distribution to United States Newswire Services or For Dissemination in the United States
Vancouver, British Columbia (FSCwire) - RESAAS Services Inc. (CSE: RSS, OTCQX: RSASF), a cloud-based social business platform for the real estate services industry, is pleased to announce that the company has granted options to purchase an aggregate of 1,138,250 common shares to certain of its directors, officers and employees at an exercise price of $1.50 per share for a maximum term of five years. As a group, insiders of RESAAS received a total of 913,250 options.
Although the majority of the options vest immediately, certain of the employee options vest over a period of up to four years.
This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.
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About RESAAS Services Inc.
RESAAS is a cloud-based social business platform built for the real estate services industry. RESAAS brings proprietary real-time technology into the business of real estate and transforms how real estate listing data flows between real estate agents, brokers, associations and MLSs. Visit www.resaas.com.
On Behalf of RESAAS
Danielle Sissons
VP Operations
RESAAS Services Inc.
Telephone: (604) 558-2929; Email: danielle.sissons@resaas.com
Investor Relations
Scott Young
RESAAS Services Inc.
Telephone: 1 (705) 888-2756; Email: scott.young@resaas.com
The CSE has not reviewed, approved or disapproved the content of this press release.
Forward-Looking Information:
This press release and the RESAAS website referenced herein contain forward-looking information within the meaning of Canadian securities legislation, including but not limited to statements regarding the company’s technology platform. The forward-looking information is based on certain key expectations and assumptions made by RESAAS’ management, including future plans for the design and development of the company’s technology platform.
Forward-looking information is subject to risks, uncertainties and other factors, many of which are outside of the company’s control that could cause actual results to differ materially from the results discussed in the forward-looking information. Although RESAAS believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on such information because RESAAS can give no assurance that it will prove to be correct. The forward-looking information contained in this press release is made as of the date of this press release. RESAAS disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/resaas05292017.pdf
Source: RESAAS Services Inc. (CSE:RSS, OTCQX:RSASF)
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