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Redishred capital announces bought deal private placement financing

Jun. 18, 2019 3:49 PM ETRediShred Capital Corp. (RDCPF) Stock, KUT:CA StockBy: Vandana Singh, SA News Editor
  • 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.

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