RESAAS Services Inc. Proposes Warrant Expiry Extension
RESAAS Services Inc. Proposes Extension of Common Share Purchase Warrants
RESAAS Services Inc. (TSXV: RSS, OTCQB: RSASF), a prominent player in real estate technology, has announced its intention to extend the expiry date of a total of 2,075,000 outstanding common share purchase warrants.
Background Information on the Warrants
These warrants were part of an over-subscribed private placement that concluded successfully, indicating significant investor interest. With an initial expiry date set for October 17, 2024, the company is seeking to extend this date for an additional year.
Details of the Proposed Amendment
The proposed amendment, referred to as the Warrant Extension, will stretch the expiry date to October 17, 2025. The exercise price will remain unchanged at $0.60 per common share, ensuring that current warrant holders can benefit from this change.
Regulatory Approval Required
It’s important to note that the Proposed Amendment to the Warrants requires approval from the TSX Venture Exchange. This step is essential to ensure compliance with exchange regulations and to facilitate shareholder confidence.
About RESAAS Services Inc.
RESAAS is an award-winning technology company that serves the real estate industry. Through its innovative platform, it connects real estate brokerages and agencies globally, creating a centralized hub for industry communication.
Global Reach and Unique Offerings
The platform has successfully attracted over 600,000 RESAAS agents operating in 160 countries. Users have access to valuable real estate data, which includes unique listings and qualified international referrals exclusively available on the platform.
Enhancing Business Opportunities
Some of the largest organizations in real estate are utilizing RESAAS to enhance their business intelligence efforts and capitalize on new business opportunities. The real-time communication capabilities provided by RESAAS are indispensable in this fast-paced industry.
Future Prospects for RESAAS Services Inc.
The extension of the warrants is not just a technical adjustment but also signifies RESAAS Services Inc.'s commitment to its investors and stakeholders. This move is expected to provide investors with longer-term opportunities and further involve them in the growth of the company.
Frequently Asked Questions
What is the purpose of the warrant extension?
The extension allows warrant holders more time to exercise their warrants, potentially increasing investment opportunities.
How many warrants are being extended?
A total of 2,075,000 outstanding common share purchase warrants are involved in this extension.
What is the new expiry date for the warrants?
The new expiry date proposed is October 17, 2025.
What is the exercise price of these warrants?
The exercise price remains set at $0.60 per common share.
Who needs to approve the proposed amendment?
The proposed amendment requires approval from the TSX Venture Exchange to be implemented.
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