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RYU Apparel Inc

09:48 AM EST - RYU Apparel Inc : Closed a private placement of 3,450,626 units at a price of $0.20 per Unit for proceeds of $690,126 on March 31, 2016. Each Unit consists of one common share and one warrant, which entitles the holder to purchase one additional Share at a price of $0.50 per Share for a period of three years. RYU Apparel Inc shares V.RYU are trading unchanged at $0.17.