03:13 PM EST - Redknee Solutions Inc. : Provided an update on its previously announced rights offering to holders of its subordinate voting shares. The Rights Offering expired on August 29, and is scheduled to close on September 6. On the closing of the Rights Offering, an aggregate of 101,622,337 subordinate voting shares will be issued under the basic subscription privilege and a further 6,878,479 subordinate voting shares will be issued pursuant to the additional subscription privilege. As a result, a total of 108,519,936 subordinate voting shares will be issued upon the closing of the Rights Offering for aggregate proceeds of approximately $68 million. Redknee Solutions Inc.
shares T.RKN are trading up $0.02 at $0.74.
