- Redishred Capital (OTC:RDCPF) entered into an agreement with a syndicate of underwriters, led by Acumen Capital Finance Partners, for purchase of 8.95M shares on "bought deal basis" at $0.95 for gross proceeds of $8.50M.
- Underwriters have an option to purchase up to an additional 1.58M shares
- The net proceeds will be used to fund future acquisitions, and for general corporate purposes.
- The offering is expected to close on July 4, 2019.