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CRS Electronics Inc Announces Proposed $3 Million Private Placement To Yan Li


Thursday, 2 May 2013 12:30pm EDT 

CRS Electronics Inc announced that the proposed entering into of an agreement for a private placement by the Company to Ms. (Jennifer) Yan Li (the Investor), of up to 16,330,974 common shares of the Company at a price of $0.1837 per common share for total aggregate proceeds to the Company of approximately $3,000,000 (the Private Placement) in reliance on the minimum amount investment exemption. Ms. (Jennifer) Yan Li is the Chief Administrative Officer of the Company. The Private Placement is expected to close on or about June 15, 2013, subject to extension in certain circumstances. Assuming the closing of the Private Placement, Ms. (Jennifer) Yan Li will own approximately 18% of the issued and outstanding common shares of the Company. 

Company Quote

0.105
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24 Nov 2014