17:30:56 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Rdars Inc (2)
Symbol RDRS
Shares Issued 17,721,287
Close 2023-09-07 C$ 0.12
Market Cap C$ 2,126,554
Recent Sedar Documents

Rdars arranges $675,000 debenture financing

2023-09-11 01:18 ET - News Release

Mr. Charles Zwebner reports

RDARS ANNOUNCES NON-BROKERED DEBENTURE FINANCING

Rdars Inc. intends to complete a non-brokered private placement of secured convertible debentures for aggregate proceeds to the company of $675,000.

The debentures sold in the financing carry a principal amount of $933,750 including an original issuance discount and due diligence fee, and will mature one year following closing. Holders of the debentures will be entitled to convert the financed amount at any time prior to the maturity date into common shares of the company at a conversion price of 15 cents per common share. The company intends to use the proceeds from the financing toward debt repayment and general working capital.

The debentures will be offered and sold as a private placement in Canada pursuant to exemptions from the prospectus requirements under National Instrument 45-106 (Prospectus Exemptions).

About Rdars Inc.

Rdars possesses a disruptive technology that is advancing the security industry's approach to protecting commercial, industrial and residential properties by introducing protection with autonomous artificial intelligence systems that allows for real-time response, situation awareness, verification, intervention, evidence recording, data capture, analysis and immediate downstream transmissions to public safety agencies. Rdars has the ability, upon a property security breach, in real time, to receive, analyze and downstream the data and inform public safety agencies who the perpetrators potentially are before they even arrive at the property.

Founded in 2019, Rdars is an originator in its innovative equipment manufacturer of its flagship product, the Eagle Watch platform comprising Eagle Eye, a drone, Eagle Nest, a drone station, Eagle Rover, an indoor robotic system, and Eagle Watch command and control software. The company's autonomous robotic systems provide situational awareness in a cost-effective and reliable manner. The company's mission is to improve alarm response and situational awareness by obtaining required approvals from federal regulatory agencies for BVLOS operations. Rdars is currently developing its technology for private and enterprise customers in the United States and Canada, where these customers require a more reliable and advanced understanding of their property security.

We seek Safe Harbor.

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