pcNewsWire – Routemaster Capital Inc. (TSX-V: RM) intends to close a non-brokered private placement financing of up to 7,692,308 units at $0.13 per unit for gross proceeds of up to $1,000,000.
Proceeds will be used for general corporate purposes, to cover expenses of its acquisition of royalty (as announced on May 16, 2017) and to pursue other royalty and investment opportunities.
ROUTEMASTER ANNOUNCES PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
FOR IMMEDIATE RELEASE
June 6, 2017 – Toronto, Ontario: Routemaster Capital Inc. (TSXV: RM) (“Routemaster” or the “Company”) is pleased to announce a non-brokered private placement financing of up to 7,692,308 units at a price of $0.13 per unit for gross proceeds of up to $1,000,000. Each unit will be comprised of one common share and one share purchase warrant, with each warrant exercisable to acquire one common share at a price of $0.20 for a period of five years from the date of issue.
Closing of the financing is expected to occur on or about June 9, 2017, subject to a number of conditions including receipt of the approval of the TSX Venture Exchange.
Routemaster intends to use the proceeds for general corporate purposes, to cover expenses of its acquisition of royalty (as announced on May 16, 2017) and to pursue other royalty and investment opportunities.
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
SOURCE: Routemaster Capital Inc.
