Cleantek Industries Inc V.RPC

Have to wonder, who got the better deal: SEH or the Dutch

[rustycat]

A common account states that Minuit purchased Manhattan for $24 worth of trinkets. A letter written by Dutch merchant Peter Schaghen to directors of the Dutch East India Company stated that Manhattan was purchased "for the value of 60 guilders" in goods, an amount worth approximately $1,050 in 2015 dollars.

VS.

SEH's deal with RPC:

Raise will be amending its current distribution agreement with SEH to grant SEH exclusivity for the sale of all Raise’s products in the USA, through one of SEH’s companies, Endurance Lift Solutions (“ELS”)


"This Private Placement represents the first tranche of SEH’s investment in Raise.  The second tranche for 3,633,333 common shares of Raise at $0.24 per share for gross proceeds of $872,000 resulting in SEH holding approximately 12.86% of Raise’s issued and outstanding common shares will close upon the receipt of approval from the TSX Venture Exchange (“TSXV”). The securities issued pursuant to the Private Placements will be subject to a four month hold period from the date of issuance.

The proceeds received by the Company from the Private Placement will be used for commercialization of the High Angle Lift Solution (“HALS”) in the USA and international markets, hiring critical staff for commercialization, purchasing HALS inventory and working capital. In conjunction with the Private Placement, Raise will be amending its current distribution agreement with SEH to grant SEH exclusivity for the sale of all Raise’s products in the USA, through one of SEH’s companies, Endurance Lift Solutions (“ELS”)