Tuesday, 27 February 2007

Resin System Equity Offering

Resin Systems announced on Feb. 27th that it engaged agents to sell on a best efforts basis, by way of private placement, common shares of RS to raise up to $20 million in gross proceeds.

Significantly, all of the company's directors and the chief executive will purchase not less than $4.75 million of the private placement.
And in order to conserve cash, company directors intend to be remunerated through a deferred share unit plan.

Click here to see the full release.