EDMONTON, Feb. 15 /CNW/ - Resin Systems Inc. (RS - TSX / RSSYF - OTCBB),
a composite material products technology company ("RS"), announced today that
it has issued 2,066,116 common shares of RS pursuant to the exercise of common
share purchase warrants of RS at an exercise price of $2.00 per share for
total gross proceeds of $4,132,232. The common share purchase warrants of RS
were originally issued pursuant to a private placement of units of RS
completed on February 14, 2005.
About RS
RS provides engineered solutions in advanced materials for large scale
applications in the industrial and commercial sectors. The foundation of RS is
continuous innovation, product development and its proprietary Version(TM)
resin system. The company's engineered solutions are developed and implemented
in three distinct technology platforms: filament winding, pultrusion and
moulding. To date RS has successfully developed the RStandard(TM) modular
composite transmission and distribution structure, using filament winding. RS
is currently developing pultrusion and moulding applications. RS has won two
awards from the American Composites Manufacturers Association (ACMA) for the
RStandard modular composite utility pole, on its design and manufacturing
process. For the latest on the company's developments, click on "Latest News"
on www.grouprsi.com.
"Version" and "RStandard" are trademarks of Resin Systems Inc.
