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TORONTO, ONTARIO--(Marketwired - Aug. 11, 2014) - CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE:LED), a developer and manufacturer of LED lighting products, is pleased to announce that it has closed its previously announced non-brokered private placement of 11,200,000 units of the Company (the "Units") at an offering price of $0.18 per Unit for gross proceeds to the Company of $2,016,000 (the "Offering"). Canaccord Genuity Corp. ("Canaccord") assisted with the Offering and received a cash commission of $120,960 and 672,000 compensation options. Each compensation option entitles Canaccord to purchase one common share of the Company at a price of $0.18 until August 11, 2016. |
