Roshni Capital Inc. Closes Private Placement
(TheNewswire)
Toronto, Ontario – TheNewswire – February24, 2025 - Roshni Capital Inc. (TSXV: ROSH.P) (the " Corporation ") is pleased toannounce that after market on Friday, February 21 st , it has completed a privateplacement (the “Private Placement”) for a total of 1,900,000common shares at a price of $0.05 per common share for gross proceedsof $95,000.
The proceeds of the Private Placement, together with the proceeds fromprior sales of common shares, will be used by the Corporation toidentify and evaluate assets or businesses for acquisition with a viewto completing a "Qualifying Transaction" under the TSXVenture Exchange (the " Exchange ") policies and for general working capitalpurposes.
All Shares issued pursuant to this Private Placement will be subjectto a four (4) month hold period from the date of issuance. NoFinder’s Fee was paid on the private placement.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements,including statements about the Corporation's future plans andintentions, listing of the common shares on the Exchange, use ofproceeds of the Private Placement and completion of a QualifyingTransaction. Wherever possible, words such as "may","will", "should", "could","expect", "plan", "intend","anticipate", "believe", "estimate","predict" or "potential" or the negative or othervariations of these words, or similar words or phrases, have been usedto identify these forward-looking statements. These statements reflectmanagement's current beliefs and are based on information currentlyavailable to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties andassumptions. Many factors (including those discussed in theCorporation’s MD&A and other continuous disclosure filings)could cause actual results, performance or achievements to differmaterially from the results discussed or implied in theforward-looking statements. These factors should be consideredcarefully, and readers should not place undue reliance on theforward-looking statements. Although the forward-looking statementscontained in this press release are based upon what managementbelieves to be reasonable assumptions, the Corporation cannot assurereaders that actual results will be consistent with theseforward-looking statements. These forward-looking statements are madeas of the date of this press release, and the Corporation assumes noobligation to update or revise them to reflect new events orcircumstances, except as required by law.
For further information pleasecontact:
Roshni Capital Inc.
Prit Singh, Chief Executive Officer and Director
Telephone: 905.510.7636
NEITHER THE EXCHANGE NOR ITS REGULATION SERVICESPROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE EXCHANGE)ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THISRELEASE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES
Copyright (c) 2025 TheNewswire - All rights reserved.
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