Non-brokered "units for debt" private placement of units: The Toronto-based company raised CA$9,712,239 ($7,769,792) through a previously finalized non-brokered "units for debt" private placement of 8,445,426 units at CA$1.15 per unit.
Unsecured debenture private placement financing: RWB also secured $6.5 million upon closing an unsecured debenture private placement to an arm's length purchaser.
The debenture carries interest at the rate of 12% annually and will mature in 150 days from the date of issuance.
In return, RWB paid the purchaser an origination fee by issuing its 531,000 shares.
Strategic investment: On Friday, RWB's wholly-owned …