RESAAS Services Inc. (CSE:RSS), a cloud-based social business platform for the real estate services industry, is pleased to announce that, further to a conditional approval letter from the TSX Venture Exchange (the “TSXV”) dated March 26, 2018, it has been accepted for listing on the TSXV as a Tier 2 issuer, and its common shares will commence trading on Wednesday, April 4th, 2018 on the TSXV under its existing symbol “RSS”.
RESAAS Services Inc. (CSE:RSS) a cloud-based social business platform for the real estate services industry, is pleased to announce that, further to a conditional approval letter from the TSX Venture Exchange (the “TSXV”) dated March 26, 2018, it has been accepted for listing on the TSXV as a Tier 2 issuer, and its common shares will commence trading on Wednesday, April 4th, 2018 on the TSXV under its existing symbol “RSS”.
“We are excited to list our shares on the TSX Venture Exchange, and take another step towards expanding the availability of purchasing our stock,” said Tom Rossiter, CEO of RESAAS. “Since 2011 the Canadian Securities Exchange has provided us with a great platform to trade our stock and raise significant capital, allowing us the runway to build out our award-winning technology platform. In conjunction with our upcoming capital markets initiatives, now is the time in the company’s growth curve to move to the Venture Exchange.”
RESAAS has made an application to the Canadian Securities Exchange (“CSE”) to voluntarily delist the common shares from the CSE. Such delisting will be effective on or around the date the common shares commence trading on the TSXV. Shareholders are not required to exchange their stock certificates or take any other action in connection with the TSXV listing, as there will be no change in the trading symbol or CUSIP for the common shares.
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
RESAAS Services Inc.
Telephone: (604) 558-2929; Email: firstname.lastname@example.org
The CSE has not reviewed, approved or disapproved the content of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
This press release and the RESAAS website referenced herein contain “forward-looking information” within the meaning of applicable Canadian securities legislation (“forward-looking statements”). Forward-looking statements include statements that use forward-looking terminology such as “may”, “could”, “would”, “will”, “should”, “intend”, “target”, “plan”, “expect”, “budget”, “estimate”, “forecast”, “schedule”, “anticipate”, “believe”, “continue”, “potential”, “view” or the negative or grammatical variation thereof or other variations thereof or comparable terminology. Forward-looking statements include, but are not limited to, statements with respect to RESAAS’ listing on the TSXV and the anticipated date thereof and RESAAS’ concurrent delisting from the CSE and the anticipated date thereof.
Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this press release, including, without limitation, assumptions about: RESAAS’ ability to achieve and maintain a listing on the TSXV; RESAAS’ ability to successfully delist from the CSE; favourable equity and debt capital markets; the ability to raise any necessary additional capital on reasonable terms to advance the continued growth and development of RESAAS’ technology; requirements under applicable laws; stability in financial markets; the continued popularity of current social media models; RESAAS’ ability to retain and attract users of its services; RESAAS’ intention not to pay dividends; claims, lawsuits and other legal proceedings and challenges.
While RESAAS considers these assumptions to be reasonable, the assumptions are inherently subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking statements. Many assumptions are based on factors and events that are not within RESAAS’ control, and there is no assurance they will prove to be correct. Furthermore, such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: RESAAS’ ability to achieve its TSXV listing in a timely manner, or at all; RESAAS’ history of losses from operations; RESAAS’ ability to generate sufficient revenues from the commercialization of its platform to fund operations and become profitable; RESAAS’ ability to build a user base for its services and adequately develop its technology; the pace and degree of technological change; RESAAS’ ability to obtain additional financing to meet long-term needs; RESAAS’ dependence on key personnel; RESAAS’ ability to effectively manage its growth; declines in or changes to the real estate industry; and RESAAS’ ability to protect its intellectual property and other proprietary information technology. There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. RESAAS does not undertake to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.