RTN Stealth amends its Private Placement
CNSX: RTN
OTCBB: RTNSF
FRANKFURT: IGN3
VANCOUVER, Sept. 15 /CNW Telbec/ - RTN Stealth Software Inc. (the "Company" or "RTN Stealth") wishes to announce that it will amend its private placement previously announced on July 30, 2010. The Company will instead proceed with a private placement consisting of up to 2,142,857 Units at a price of $0.35 CAD per Unit to raise gross proceeds of up to $750,000.
Each Unit consists of one common share of RTN Stealth and one common share purchase warrant of RTN Stealth. One warrant shall entitle the holder to acquire one additional common share of RTN Stealth at $0.40 CAD per share up to and including the 15th day of March 2012.
The Company intends to use the proceeds primarily for working capital and general corporate purposes.
Where appropriate, the Company may pay a finder's fee of up to 8 per cent cash and 8 per cent non-transferable compensation options. One finder's warrant entitles the holder to acquire one common share of RTN Stealth at $0.35 up to and including the 15th day of March 2012.
The securities issued pursuant to the private placement will be subject to a four month hold period and the offering will be subject to normal regulatory approvals.
On behalf of RTN Stealth Software Inc.
"Michael Boulter"
Michael Boulter
President & COO
Except for historic information, the matters discussed in this document contain certain forward-looking statements. These statements involve known and unknown risks, delays, uncertainties and other factors not under the Corporation's control that may cause actual results, levels of activity, performance or achievements to be materially different from the results, levels of activity, performance, achievements or expectations expressed or implied by these forward-looking statements.
CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
For further information:
For additional information about RTN Stealth Software Inc., please contact us at (604) 598-0093 or (905) 629-1333 or visit us at www.rtnstealth.com.
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