RYU Apparel closes short form prospectus offering

February 2, 2017

On February 2, 2017, RYU Apparel Inc. (TSXV: RYU) (Frankfurt Stock Exchange: RYA) announced that it had closed its previously announced short form prospectus offering, raising gross proceeds of $3,734,440.65 for the company. Canaccord Genuity Corp. acted as an agent for the company with respect to the sale of 24,896,271 common shares of the company at a price of $0.15 per share.

RYU Apparel, headquartered in Vancouver, British Columbia, develops, markets, and distributes athletic apparel and accessories for men and women.

Miller Thomson advised Canaccord Genuity with respect to this offering with a team that included Dwight Dee and Erika Lai.