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| Home : CRS Electronics Announces Proposed $2 Million Private Placement |
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Jul 09
2014 |
CRS Electronics Announces Proposed $2 Million Private Placement |
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TORONTO, ONTARIO--(Marketwired - July 8, 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 intends to undertake a non-brokered private placement of up to 13,400,000 units of the Company (the "Units") at an offering price of $0.15 per Unit for gross proceeds to the Company of up to approximately $2,010,000 (the "Offering"). Canaccord Genuity Corp. ("Canaccord") is assisting with the Offering and is entitled to receive a cash commission equal to 6% of the total proceeds raised under the Offering and compensation options equal to 6% of the total number of Units sold under the Offering. Each compensation option entitles Canaccord to purchase one common share of the Company at a price of $0.15 per compensation option until 24 months after the closing date of the Offering. |
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| Source:http://www.marketwired.com/mw/release.do?id=1927864&sourceType=3 |
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