CRS Electronics Inc., a developer and manufacturer of LED lighting based in Ontario,Canada, has refunded the principal amount of $300,000 and paid interest in the amount of $6,000 to Diocles Capital Inc. who supported the company with short term bridge financing nearly two months ago.
 
The Company also issued 275,682 common shares of the Company to Diocles as bonus shares (the "Bonus Shares"). The quantum of the Bonus Shares was based on a closing price on June 8, 2012 of $0.29 per common share and a Discounted Market Price of $0.2175. The Bonus Shares are subject to a statutory hold period which expires on October 12, 2012.