CALGARY, April 3 /CNW/ - Rapid Solutions Corporation (TSX-V: RPD) is
pleased to announce that it has closed the non-brokered private placement of
up to 3,600,000 common shares at a price of USD $0.05 per common share
announced on February 18, 2009.
The financing placed 3,600,000 common shares at a price of USD $0.05 per
common share for gross proceeds of USD $180,000 (the "Offering"). Certain
insiders of Rapid subscribed to 2,400,000 common shares of the Offering. The
Offering did not result in any new control person (as that term is defined
under applicable securities laws).
The proceeds of the private placement will be used in connection with
continued development, marketing and sale of the company's products.
About Rapid Solutions
Rapid Solutions Corporation is focused on providing integrated process
and data management solutions to energy producers and other high risk, process
intensive industries. Through considerable experience gained in business
process and data integration, Rapid offers technology based solutions that
manage workflow and integrate vast quantities of information. Downstream
energy and chemical manufacturing clients are seeking integrated reliability
solutions to bring operational procedures, safe operating limits and
maintenance systems to the point of need in the field or industrial plant.
Through its Canadian operating unit, Rapid offers the upstream energy sector a
similar opportunity to achieve business process and master well list
Neither TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information on Rapid, go to www.rapid.com.
For further information:
For further information: Michael Jones, Chief Executive Officer, Rapid
Solutions Corporation, 3993 W. Sam Houston Pkwy. N., Houston, TX 77043,
Telephone: (713) 996-7979 ext 3005, Email: firstname.lastname@example.org