News Column

RESAAS Announces Private Placement of Units

July 17, 2014



Vancouver, British Columbia(FSCwire) - RESAAS Services Inc. (CSE:RSS) (the “Company” or “RESAAS”), The Real Estate Social Network™, is announcing that it plans to raise up to $4 million through a non-brokered private placement of units to a select group of accredited investors and institutions.

The offering will consist of units at a price of $2.55.  Each unit will consist of one common share and one warrant exercisable to purchase one additional common share at a price of $3.00 per share for a period of 18 months after the issuance date. The Company plans to close the financing by end of business on July 25, 2014.

The Company plans to use the proceeds from the private placement for general working capital purposes.

About RESAAS SERVICES INC.

RESAAS is an Enterprise Social and Global Referral Network for licensed Real Estate Agents, REALTORS®, Brokers, Franchises and Associations. RESAAS’ powerful reblasts® engine automatically converts real estate activity into social marketable content, which is also pushed out to other social networks, to generate leads. Visit www.resaas.com.

On Behalf of RESAAS

Cameron Shippit

CFO, Director

RESAAS Services Inc.

Telephone: (778) 996-9544; Email: cam.shippit@resaas.com

Investor Relations

Michael Koehler or Matt Glover

Liolios Group Inc.

Telephone: (949) 574-3860; Email: RESAAS@liolios.com

The CSE has not reviewed, approved or disapproved the content of this press release.

Forward-Looking Information:

This press release and the Company’s website referenced herein may include forward-looking information within the meaning of Canadian securities legislation concerning the Company’s technology platform. Forward-looking information is based on certain key expectations and assumptions made by RESAAS’ management, including future plans for the design and development of the company’s technology platform. Although RESAAS believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because RESAAS can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. RESAAS disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.





To view this press release as a PDF file, click onto the following link:

public://news_release_pdf/resaas07172014.pdf



Source: RESAAS Services Inc. (CSE:RSS, OTC Bulletin Board:RSASF) http://www.resaas.com/










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