RMANF - Roadman Announces Closing of First Tranche Private Placement
(TheNewswire)
Vancouver, British Columbia – TheNewswire - January2 6 , 2021 — RoadmanInvestments Corp. (TSXV:LITT) (FWB:1QD) (OTC:RMANF) ("RoadmanInvestments'' or the "Company") a Canadian Venture Capitaland Advisory Firm, is very pleased to announce that it has closedits first tranche non-brokered private placement of 4,300,000 shares(“Share”) at a price of $0.03 per Share for aggregate grossproceeds of $129,000.
The Company would like to thank Shawn Moniz, a directorof Roadman, for his support. Mr. Moniz has subscribed for $30,000 ofthe private placement and increases his holdings from 9,551,222 shares to 10,551,222 shares.
The proceeds of the Offering will be used for generalworking capital and general corporate expenditure purposes. All thesecurities issued will be subject to a four-month hold period.
About Roadman Investments
Roadman Investments is a Canadian Venture Capital and Advisory Firmthat strives to actively drive innovation and accelerate growth withinits portfolio holdings. Roadman looks for companies and investmentsthat offer breakthrough products, devices, treatments and healthsupplements with a focus on health and wellness.
For more information, pleasecontact:
Luke Montaine CEO,
Director Roadman Investments Corp.
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
This press release contains "forward-lookingstatements" within the meaning of applicable securities laws.Forward-looking statements can be identified by any statements thatexpress or involve discussions with respect to predictions,expectations, beliefs, plans, projections, objectives, assumptions orfuture events or performance (often, but not always, using words orphrases such as "expects" or "does not expect","is expected", "anticipates" or "does notanticipate", "plans", "estimates" or"intends", or stating that certain actions, events orresults "may", "could", "would","might" or "will" be taken, occur or be achieved),and variations of such words, and similar expressions are notstatements of historical fact and may be forward-looking statements.Examples of forward-looking statements include, among others,statements we make about the Company, itssubsidiaries or other Company's that the Company has invested in or isotherwise affiliated with, regarding planned research and developmentactivities, financing arrangements, investment strategies, returns oninvestments, contractual obligations including but not limited toobligations to purchase materials or meet sales milestones, strategyfor customer retention, growth, product development, market position,financial results and reserves, other statements relating to thefinancial and business prospects, management's ability it identify andevaluate investments, management's ability to obtain the necessaryfunding or obtain the necessary licenses and approvals to operate, specifically, the necessary licenses andapprovals to open any such facilities in California or the UnitedStates of America.
Forward-looking statements are neither historical factsnor assurances of future performance. Instead, they are based only onour current beliefs, expectations and assumptions regarding the futureof our business, future plans and strategies, projections, anticipatedevents and trends, the economy and other future conditions. Becauseforward-looking statements relate to the future, they are subject toinherent uncertainties, risks and changes in circumstances that aredifficult to predict and many of which are outside of our control. Ouractual results and financial condition may differ materially fromthose indicated in the forward-looking statements. Therefore, youshould not rely on any of these forward-looking statements. Importantfactors that could cause our actual results and financial condition todiffer materially from those indicated in the forward-lookingstatements include, among others, the following: economic andfinancial conditions, including volatility in interest and exchangerates, commodity and equity prices and the value of financial assets,continued volatility in the capital or credit markets the adequacy ofour cash flow to fund the operations of the Company or its affiliates,strategic actions, including acquisitions and dispositions and oursuccess in evaluating acquired businesses and our success indeveloping the businesses underlying these acquisitions, theoccurrence of hostilities, political instability or catastrophicevents, changes in customer demand, the extent to which we aresuccessful in gaining new long-term relationships with customers orretaining existing ones and the level of service failures that couldlead customers to use competitors' services, developments and changesin laws and regulations, including increased regulation of themedical, health and wellness industries through legislative action andrevised rules and standards applied by the international medical,pharmaceutical, health and wellness regulatory bodies, changes in theprice of inventory and other key materials and disruptions in supplychains for these materials, closures or slowdowns and changes incontracted service provider costs and labor difficulties, includingstoppages affecting either our operations or our service providersabilities to conduct research and develop and produce products,management's ability to operate our business models, availability offinancing to provide sufficient working capital maintain the businessas a going concern, availability of financing to fund the Company's orit is subsidiaries business operations, including but not limited to,meeting the Company's obligations under the agreement with Psychedelicinsights, compliance and approvals under the appropriate State andFederal laws and other factors as discussed in the Company's filingswith Canadian securities regulators, which are available atwww.sedar.com. Investors are cautioned that forward-looking statementsare not guarantees of future performance or events and, accordinglyare cautioned not to put undue reliance on forward-looking statementsdue to the inherent uncertainty of such statements. Theforward-looking statements included in this news release are made asof the date hereof and the Company disclaims anyintention or obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise, except as expressly required by applicable securitieslegislation. This news is not for dissemination in the United Statesof America.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
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