Off-market insider buying at RYU Apparel (RYU)

Off-market insider buying at RYU Apparel (V:RYU)

Cesare Fazari, a Director, acquired 10,859,974 Common Shares on a direct ownership basis, 830,000 Common Shares on an indirect ownership basis for registered holder Cesare Fazari RRSP, 630,026 Common Shares on an indirect ownership basis for registered holder Cesare Fazari TFSA, and 4,000,000 Common Shares on an indirect ownership basis for registered holder CESFJS Holdings Inc. at a price of $0.050 through a private transaction on October 29th, 2020. The insider also acquired 10,859,974 Warrants on a direct ownership basis, 830,000 Warrants on an indirect ownership basis for registered holder Cesare Fazari RRSP , 630,026 Warrants on an indirect ownership basis for registered holder Cesare Fazari TFSA and 4,000,000 Warrants on an indirect ownership basis for registered holder CESFJS Holdings Inc. at an exercise price of $0.055 for 2 years. This represents a $816,000 investment into the company's shares and an account share holdings change of greater than 100%.

One other insider also participated in the financing in a smaller amount.


RYU Apparel is in the Apparel & Accessories Sub Industry Group under the Consumer Cyclicals Sector.

Ryu Apparel Inc, also known as RYU (Respect Your Universe), is a tailored urban athletic apparel brand that engages in the development, marketing and distribution of apparel, bags and accessories. The Company's products are engineered for the fitness, training and performance of the multi-discipline athlete. The Company's products are designed, developed and tested at its corporate headquarters in Vancouver, British Columbia, Canada, and its Beta 37.5 design lab in Squamish, British Columbia, Canada. The production process takes place in factories located in North America and Asia.