Tuesday, 13 March 2007

Resin Systems Prices Equity Offering

Resin Systems CEO Paul Giannelia and all of the company's Board of Directors will be buying up to $4.75 million of the latest sale of company treasury shares that will be priced at $1 per share.

The company hopes to raise $35 million gross from the sale and put those funds to use in operations and to fund the move of its manufacturing equipment to a southwest Ontario plant that will take up production of Resin Systems' utility poles.
There are other targeted uses, too. Click here to read the full news release.