23:10:18 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Roadman Investments Corp
Symbol LITT
Shares Issued 93,324,342
Close 2019-08-21 C$ 0.09
Market Cap C$ 8,399,191
Recent Sedar Documents

Roadman increases placement to $1-million

2019-08-22 06:48 ET - News Release

Mr. Nikolai Vassev reports

ROADMAN INVESTMENTS UPSIZES PRIVATE PLACEMENT & CORPORATE UPDATE

As a result of positive institutional and retail demand for its previously announced financing (please refer to the company's Aug. 7, 2019, and Aug. 15, 2019, press releases), Roadman Investments Corp. plans to upsize its non-brokered private placement up to 18,181,819 units at a price of 5.5 cents per unit to raise gross proceeds of up to $1-million.

Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each full warrant shall be exercisable to acquire one additional share at a price of 10 cents for a period of two years from the date of issuance.

The company plans to allocate the proceeds of the offering for general corporate and working capital purposes. The second tranche of the offering is scheduled to close on or about Sept. 20, 2019, and is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

All securities issued under the offering will be subject to a statutory hold period in Canada of four months and one day following the closing date. The company may pay finders' fees in connection with the offering.

Corporate update

The company is also pleased to announce that the company's investee, Champignon Brands Inc., has completed its Series A financing and intends to pursue an initial public offering on the Canadian Securities Exchange in the fourth quarter of 2019.

Roadman Investments also announces it has entered into non-disclosure agreements with a variety of health and wellness and alternative medicine focused private companies, of which may result in forthcoming advisory agreements and/or the strategic deployment of capital.

Champignon's flagship e-commerce store includes a selection of craft mushroom-infused teas and ancillary accessories, earmarked for worldwide distribution.

About Roadman Investments Corp.

Roadman Investments is engaged in the business of incubating and working with start-up entities with a view to generate capital and generate returns for its shareholders via the tactical deployment of capital across the resource, agricultural, financial services, technology, and health and wellness verticals.

We seek Safe Harbor.

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