ROUTEMASTER ANNOUNCES PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
November 27, 2017, Toronto, Ontario: Routemaster Capital Inc. (TSXV: RM) (“Routemaster” or the “Company”) announces a non-brokered private placement financing of up to 10,000,000 Routemaster common shares at a price of $0.10 per share for gross proceeds of up to $1,000,000 (the “Financing”).
Closing of the Financing is expected to occur on or about December 15, 2017. The shares to be issued by Routemaster will be subject to a statutory hold period of four months and one day. Completion of the Financing is subject to a number of conditions including receipt of TSX Venture Exchange approval.
In connection with the Financing, Routemaster may pay finder’s fees in cash of up to 6% of gross proceeds of the Financing. Routemaster intends to use the proceeds of the Financing for potential investment opportunities and general corporate purposes.
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:
President and Chief Executive Officer
Tel: +1 (416) 861-5933