OTCQX -

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  • GlobeNewswire2 months ago

    Dawson James Securities Announces the Closing of Public Offering for RGS Energy

    Dawson James Securities Inc. on behalf of RGS Energy (RGSE: OTCQX) announced the closing of a Registered Offering of Primary and Alternative Units for aggregate gross proceeds of approximately $3.3 million. The registered offering consisted of (A) 15,938,280 “Primary Units,” each consisting of one share of Class A common stock, par value $0.0001, or “Common Stock,” and a Series R Warrant to purchase one share of Common Stock, and (B) 1,430,141 “Alternative Units,” each consisting of one prepaid Series S Warrant to purchase one share of Common Stock and a Series R Warrant to purchase one share of Common Stock. The Series R Warrants are exercisable immediately after issuance at an exercise price of $0.20 per share and for a period of five years thereafter.

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