RYU Apparel Inc. postponed its previously announced private placement offering of up to 333,333 units at a price of Canadian 3 cents per Unit to raise aggregate gross proceeds of up to a maximum of $10 million.
The company further announced it would implement the previously announced consolidation of its outstanding shares on the basis of one post-consolidation common share for every ten pre-consolidated common shares, effective as of July 22. The company has received TSX Venture Exchange (“SXV) approval for the share consolidation.
Following the share consolidation, the common shares will continue to be traded on the TSXV under the symbol “RYU”.
Photo courtesy RYU
