RYU Apparel Announces Closing of First Tranche of Private Placement
Canada NewsWire
VANCOUVER, April 13, 2016
VANCOUVER, April 13, 2016 /CNW/ - RYU Apparel Inc. (TSX VENTURE: RYU & Frankfurt Stock Exchange: RYA), is a global, tailored technical apparel and accessories brand engineered for the fitness, training and performance of the multi-discipline athlete, is pleased to announce that, further to its news release dated April 8, 2016, it has closed the first tranche of the private placement, which consisted of 1,595,850 Units (each, a "Unit") at a price of $0.20 per Unit for proceeds of $319,170. Each Unit consists of one common share (a "Share") and one warrant, which entitles the holder to purchase one additional Share at a price of $0.50 per Share for a period of three years.
All securities issued pursuant to the Financing will be subject to a statutory hold period expiring four months and one day after April 12, 2016.
Quelle: http://www.stockhouse.com/news/press-releases/...#HECbxsM5bqrwrDea.99
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