Roadman Investments (LITT-V) Non-brokered PP Of Up To $2.5 Million
Nov 7, '22 - NR
Roadman Investments Corp. proposes to complete a non-brokered private placement of up to 50 million units of the company at a price of five cents per unit, for gross proceeds of up to $2.5-million. Each Unit will consist of one common share ("Share") of the Company and one-half-of-one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder, on exercise, to purchase one Share for a period of twenty-four months following the closing date of the Offering at the exercise price of $0.075 per Share.
Net proceeds from the Offering will be used for working capital and general corporate purposes of the Company.
In connection with the Offering, the Company may pay finders' fees and/or issue finders' warrants on the same terms as the Warrants, to eligible parties who have assisted by introducing subscribers to the Offering.
The Company will issue common shares of the Company to Amalfi Corporate Services Ltd., an arm's length third-party, equal to 1% of the aggregate Units issued, in consideration for administrative services rendered in support of the Offering.
All securities to be issued in connection with the Offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws and, as applicable, the TSX Venture Exchange hold period. Completion of the Offering remains subject to the approval of the TSX Venture Exchange. The Units will be offered pursuant to exemptions from the prospectus requirements.
About Roadman Investments Corp.
Roadman Investments Corp. is a Canadian Venture Capital, Investment and Advisory Firm that strives to actively drive innovation and accelerate growth for its shareholders. Roadman invests capital into private and public companies that offer excellent growth opportunities.
Contacts:
Tyler Lewis,
CEO and Director
Email: Tyler@roadmancorp.com |
