03 May 2011

LED lighting manufacturer CRS Electronics Inc. (TSX Venture: LED) has closed its previously-announced private-placement equity financing to raise over $5.1 million. The company issued 9,379,156 units at an offering price of $0.55 per unit for gross proceeds of $5,158,535. Net proceeds will be used to fund the purchase of new production equipment, infrastructure costs, increased staffing, marketing and media expenses, and for general corporate and working capital purposes.