Friday, 30 March 2007

Resin Systems' Management Buys Fundraising

Paul Giannelia, president and CEO of Resin Systems, and all of the company's board of directors bought roughly $4.7 million of a total $35 million private placement, which the company announced was closed this week.
Most of the funds are earmarked for the relocation of its utility pole manufacturing to southwest Ontraio and for start-up costs to manufacture the VRoll composite tubes in Alberta.
Click here to view the full press release.