RESAAS Announces $5,000,000 Unit Offering

Resaas Services Inc. (CNSX:RSS) has announced a $5,000,000 unit offering and filing of prospectus supplement.
According to the press release:

[The company] has filed a prospectus supplement to its short form base shelf prospectus dated June 2, 2015, in respect of the previously announced public offering of units. Further to the company’s press release dated November 24, 2015, RESAAS is offering, on a commercially reasonable efforts agency basis in the provinces of British Columbia, Alberta and Ontario, up to 3,333,333 units at a price of $1.50 per unit for total gross proceeds to the company of up to $5,000,000. Each unit consists of one common share of RESAAS and one share purchase warrant exercisable into one common share at a price of $3.00 per share for a period of 24 months from the closing date of the offering (the “Closing Date”).
The offering includes an over-allotment option of up to 499,999 additional units at the offering price, for total additional gross proceeds to the company of up to $750,000, to cover the over-allocation position of the agents and for market stabilization purposes. The over-allotment option is exercisable by the agents in whole or in part at any time up to 30 days following the Closing Date.
Pursuant to an Agency Agreement dated November 24, 2015, Euro Pacific Canada Inc. is leading the syndicate for the Canadian portion of the offering that also includes Mackie Research Capital Corporation. The commission payable by RESAAS to the agents is described in detail in the company’s November 24, 2015 press release.

Click here to read the full press release.