RSI Completes Private Placementadmin
RSI Completes Private Placement
North Vancouver, British Columbia CANADA, January 08, 2014 /FSC/ – RSI International Systems Inc. (RSY – TSX Venture), is pleased to announce the completion of its private placement announced December 12, 2013, raising gross proceeds of $250,000 through the issue of 2,500,000 units at a price of $0.10 per unit. Each unit was comprised of one common share and one-half of a share purchase warrant, with a whole warrant entitling the holder to purchase an additional common share at a price of $0.15 for a period of two years. Subscriptions totalling $130,000 (1,300,000 units) have closed into escrow, for release upon receipt by the TSX Venture Exchange of supplemental filing documentation.
No finder fees were paid in connection with the private placement. The securities issued in the private placement are subject to a 4 month hold period expiring on May 1, 2014.
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,
For further information call:
Charles Ku, President, CEO
RSI International Systems Inc.
Mr. Ron Baldwin, Director/Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the press release as a PDF file, please click on the following link:
Source: RSI International Systems Inc. (TSX-V – RSY) www.welcometorsi.com
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Posted: January 8th, 2014 under FSCWIRE.