Resin Systems Announces Unit Offering (PR Newswire) and Grant Thornton LLP Offers New White Paper on the IPO Crisis (Business Wire)

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City of Industry, CA --(www.USEquityNews.com)-- 11/25/2008 - IPOs industry alert provided by U.S. Equity News. CALGARY, Nov. 20 /PRNewswire-FirstCall/ - Resin Systems Inc. ("RS"), (RS - TSX / RSSYF - OTCBB), today announced that it intends to sell by way of private placement up to 5,000 units of RS at a price of $1,000 per unit for total gross proceeds of up to $5 million (the "Offering"). Each unit of RS consists of a $1,000 principal amount of 15% secured redeemable convertible debenture (the "Debenture") and 4,000 common share purchase warrants, each whole warrant entitling the holder thereof to acquire one (1) common share of RS at a price of $0.18 per share for a period of five years from the closing date of the Offering. The proceeds of the Offering will be used as working capital and for general corporate purposes. It is anticipated that closing of the Offering will occur on or about December 5, 2008. [Read the full article]


CHICAGO--(BUSINESS WIRE)--Over the last several years, the IPO market in the United States has
practically disappeared. While conventional wisdom may suggest that the
U.S. IPO market is going through a cyclical downturn exacerbated by the
recent credit crisis, Grant Thornton LLPâ€(TM)s white paper, The IPO crisis,
explores a new and much darker reality.The “perfect storm” created by technological, legislative and regulatory
changes has undermined the proper functioning of the IPO market and the
stock market in general. This has a large-scale effect on the capital
markets:

Lower U.S. economic growth.


Entrepreneursâ€(TM) funding cut back.


U.S. [Read the full article]

NEW YORK (AP) -- Shares of Grand Canyon Education Inc. stumbled in their market debut Thursday, after the online education company priced the first initial public offering in months, breaking the longest IPO drought since the 1970s.
Shares fell 24 cents, or 2 percent, to $11.76 in afternoon trading. They had ranged between $9.49 and $11.90 during the session.Earlier Thursday, the Phoenix-based company said it priced 10.5 million shares at $12 a piece, at the low end of a downwardly revised price range, for gross proceeds of $126 million. [Read the full article]

HONG KONG, Nov. 21 /PRNewswire-FirstCall/ -- Global Sources Ltd.
(Nasdaq: GSOL - News) has commenced with its cash tender offer for up to 6,250,000 of
its common shares at $8 per share or up to $50,000,000 as previously announced
on November 13, 2008. As of November 1, 2008, there were 46,703,494 shares of
the Company's common shares issued and outstanding. The shares that the
Company is offering to purchase represent approximately 13.4% of the total
number of issued and outstanding shares of the Company's common shares. The
tender offer is not conditioned upon any minimum number of shares being
tendered or the availability of any financing. [Read the full article]

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