RSI International Systems Inc. announced that it expects to receive CAD 5 million in funding
In connection with the Private placement, company has agreed to pay certain finders cash commission in an amount equal to 6.5% of gross proceeds of the Private Placement introduced by such Finders. In addition, company will issue compensation warrants to the finders representing 6.5% of the number of subscription receipts introduced by such finders with each compensation warrant exercisable to purchase one share at an exercise price of CAD 0.45 for a term of two years from the date of issue.