pcNewsWire – Routemaster Capital Inc. (TSX-V: RM) has completed previously announced non-brokered private placement of 3,846,153 units at $0.13 per unit for gross proceeds of $500,000.
ROUTEMASTER CLOSES PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
FOR IMMEDIATE RELEASE
June 12, 2017 – Toronto, Ontario: Routemaster Capital Inc. (TSXV: RM) (“Routemaster” or the “Company”) has closed its previously announced non-brokered private placement financing of 3,846,153 units at a price of $0.13 per unit for gross proceeds of $500,000. Each unit is 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 at any time prior to June 12, 2022.
Routemaster intends to use the proceeds of the financing for general corporate purposes, to cover the expenses of its acquisition of a royalty covering former producing gold mines in the Province of Quebec (as announced on May 16, 2017) and to pursue other royalty and investment opportunities.
The private placement is subject to final approval of the TSX Venture Exchange. The securities issued pursuant to the private placement are subject to a statutory hold period which expires on October 13, 2017.
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