Routemaster Capital Inc.

TSXV Exchange | Oct 15, 2019, 1:11 PM EDT | Real-time price

RM $ 0.05 RT
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Routemaster Announces Private Placement


TORONTO, Feb. 08, 2018 (GLOBE NEWSWIRE) -- Routemaster Capital Inc. (TSXV:RM) (“Routemaster” or the “Company”) is pleased to announce a non‑brokered private placement financing of up to 14,285,714 units (the “Units”) at a price of $0.35 per Unit for gross proceeds of up to $5,000,000 (the “Financing”). Each Unit will be comprised of one common share and one-half of one common share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant shall entitle the holder to acquire one Routemaster common share at a price of $0.60 for a period of two years from the date of issue.

Closing of the Financing is expected to occur on or about March 2, 2018, subject to a number of conditions including receipt of the approval of the TSX Venture Exchange.

Routemaster intends to use the proceeds from the Financing for general corporate purposes, investment opportunities in blockchain technologies, including cryptocurrencies, mature blockchain currencies, blockchain start-ups and initial coin offerings (ICOs), and investment opportunities in the the clean energy and renewable energy sector, focusing on companies with especially strong environmental sustainable principles.   Routemaster continues to seek out opportunities in these sectors to provide its shareholders with accretive investments.

In connection with the Financing, Routemaster may pay finder’s fees to eligible finders in accordance with the policies of the TSX Venture Exchange. 

About Routemaster Capital Inc.:

Routemaster Capital Inc. is a Canadian investment company that carries on business with the objective of enhancing shareholder value. 

For further information please contact:
Fred Leigh
President and Chief Executive Officer
Tel: +1 (416) 861-5933

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements, including statements regarding the intended use of proceeds, closing conditions and timing and other matters relating to the Financing, the Company’s ability to identify and close on investments,  and the ability of the Company to attract required financing. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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