RSI Announces Private Placementadmin
RSI Announces Private Placement
North Vancouver, British Columbia CANADA, December 13, 2013 /FSC/ – RSI International Systems Inc. (“RSI”) (TSX-V: RSY),is pleased to announce that it has arranged a private placement of up to 2,500,000 units of the Company, at a price of $0.10 per unit, for gross proceeds of up to $250,000 (the “Offering”). Each unit will consist of one common share of the Company and one half of one common share purchase warrant with each whole Warrant entitling the holder to purchase one additional common share at a price of $0.15 per warrant share for a period of twenty-four (24) months.
Completion of the Private Placement remains subject to the approval of the Exchange. All securities issued will be subject to a four month hold period. The proceeds of the private placement will be used for the Company’s general working capital purposes..
About RSI International Inc.
RSI International Inc. is the developer of RoomKey(tm) – the only web-based Property Management System (PMS) that incorporates a fully integrated Online Reservation Booking engine and seamless real-time connectivity to the major Global Distribution and Internet Distribution Systems. RSI markets RoomKey(tm) PMS and a number of other proprietary “hosted” software solutions to a wide variety of Hospitality Industry clients around the world.
On behalf of the board,
Charles Ku, President, CEO
For further information call:
Mr. Ron Baldwin, Director/Officer
RSI International Systems Inc.
This Media Release may contain forward-looking statements, which reflect the Corporation’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ from those projected herein and depend on a number of factors including the success of the Corporation’s sales strategies.
To view this press release as a PDF, please click on the following link:
Source: RSI International Systems Inc. (TSX-V – RSY) www.welcometorsi.com
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Posted: December 13th, 2013 under FSCWIRE.