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Provider : Thomson Reuters Stock Report
Provider : Reuters Investment Profile
Provider : Wright Reports
Provider : ValuEngine, Inc.

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CRS Electronics proposes $2 million private placement

Tuesday, 8 Jul 2014 04:56pm EDT 

CRS Electronics Inc:Intends to undertake a non-brokered private placement of up to 13,400,000 units of the company at an offering price of $0.15 per Unit for gross proceeds up to about $2,010,000.Canaccord Genuity Corp is assisting with the Offering and is entitled to receive a cash commission equal to 6 pct of the total proceeds raised under the Offering and compensation options equal to 6 pct 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.Net proceeds from the Offering will be used for general corporate and working capital purposes. 

Company Quote

6 Oct 2015