Resaas Services postpones offering; to carry out private placing instead

Each unit consists of one Resaas share and one warrant, each of which entitles the holder to acquire one share for 90 cents for 12 months from closing...
Resaas Services postpones offering; to carry out private placing instead
Resaas plans to use the proceeds to continue to develop its technology platform

Resaas Services Inc (CNSX:RSS), the real estate focused tech group, says it will postpone its previously announced short-form prospectus offering to bring in up to C$3mln, and will carry out a private placing instead on the same terms.

These are 4,285,714 units at 70 cents each.

Each unit consists of one Resaas share and one warrant, each of which entitles the holder to acquire one share for 90 cents for 12 months from closing.

Resaas plans to use the proceeds to continue to develop its technology platform, investor-relations activities, increase the sales team and for general working capital, it said.

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