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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Resaas Services Inc | TSXV:RSS | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.005 | -1.41% | 0.35 | 0.345 | 0.35 | 0.355 | 0.35 | 0.355 | 6,000 | 20:08:50 |
From Jun 2022 to Jun 2024
VANCOUVER, BC, Feb. 15, 2023 /CNW/ - RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF) ("RESAAS" or the "Company"), a leading provider of technology solutions for the Real Estate Industry, is pleased to announce a signed engagement with Red Cloud Securities ("Red Cloud").
Red Cloud liquidity services, led by veteran trader Adam Smith and his liquidity team, will trade shares of RESAAS on the TSX-V for the purposes of maintaining a reasonable market and improving the liquidity of RESAAS's common shares.
"Building a stronger and more liquid market for the Company's stock will benefit all RESAAS shareholders and potential investors," said Tom Rossiter, CEO of RESAAS. "Red Cloud has a proven record in providing greater liquidity, a tighter market, and rich insight into the Company's trading activity. Adding Red Cloud to our team is a proactive appointment to support the growth of our shareholder base."
Red Cloud is a decade plus established Toronto-based Registered Investment Dealer in Ontario, Quebec, Alberta and British Columbia and is a member of the Investment Industry Organization of Canada (IIROC).
The term of engagement is ongoing and may be terminated by either party on 30 days' prior written notice. The Company and Red Cloud have an arm's length relationship, but Red Cloud and/or its clients may have an interest, directly or indirectly, in the securities of RESAAS. The agreement is principally for the purposes of maintaining market stability and liquidity for the Company's common shares and is not a formal market making agreement. Under the terms of the agreement, the Company will pay Red Cloud $5,000 per month during the term. There are no performance factors contained in the agreement between Red Cloud and the Company and Red Cloud will not receive any shares or options from the Company as compensation for services it will render.
RESAAS is an award-winning global technology platform for the real estate industry. With over 500,000 real estate agents utilizing RESAAS in 160 countries, RESAAS enables real-time industry communication, delivers new business opportunities and captures unique real estate data. Some of real estate's biggest brands leverage RESAAS to provide business intelligence to real estate brokerages, franchises and associations. For more information, please visit https://www.resaas.com.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from RESAAS Services Inc.'s expectations and projections.
SOURCE RESAAS SERVICES INC.
Copyright 2023 Canada NewsWire
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