ROI Land Investments Ltd. Closes Additional US $800,000 to Further Finance & Develop the Beauport Acquisition
03 2월 2015 - 8:00PM
QUEBEC CITY, QUEBEC
<<CANADA>>, February 3rd, 2015 (GLOBE
NEWSWIRE) -- ROI Land Investments Ltd. (OTCQB: ROII) ("ROI" or the
"Company"), a diversified real estate land development
investment company, is pleased to announce that as part of its
financial strategy concerning the Beauport Project
Acquisition, which closed on October 14, 2014, the Company
authorized the Issuance of up to US $5,500,000 in
debt. Thus far, the Company on November
3rd, 2014
announced that the Company had secured a total of $4,516,940 from
qualified individual and institutional investors in the form of a
convertible Debt instrument. The Company today is pleased to
announce that it received an additional capital infusion of
$822,557
The Notes are wholly secured by an assignment of a First Ranking
Mortgage on the Beauport property. Computershare Inc.
("Computershare") acts as the independent collateral
agent for the investors and paying agent for the debt-holders for
both principal and interest.
ROI's President Mr. Philippe
Germain, stated: "We are very pleased to have taken full advantage
of our total authorized $5,500,000 debt issuance. We continue to
make progress on the development of the Beauport project. We shall
provide additional updates as they occur". For more detail
information on this specific debt issuance please referred to our
recent 8K filed on October 31, 2014.
About ROI Land
Investments Ltd.
ROI Land Investments Ltd. ("ROI")
is a Real State Investment Company specializing in Land
Development. ROI's business model consists of acquiring attractive
land developments free of zoning restrictions, obtaining the
necessary development permits, outsourcing the development of the
infrastructure and profiting from the sale of the subdivided land
units to known large regional developers.
SAFE HARBOR AND INFORMATIONAL
STATEMENT This press release may contain forward-looking
information within the meaning of Section 21E of the Security
Exchange Act of 1934, as amended (the Exchange Act), including all
statements that are not statement of historical fact regarding the
intent, belief or current expectations of the company, its
directors or its officers with respect to, among other things: (i)
the company's financing plans; (ii) trends affecting the company's
financial conditions or results of operations; and (iii) the
company's growth strategy and operating strategy..
The words "may", "would", "will",
"expect", "estimate", "anticipate", "believe", "intend", and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not a guarantee of future of future
performance and involve risks and uncertainties, many of which are
beyond the company's ability to control, and that actual results
may differ materially from those projected in the forward-looking
statements, as a result of various factors including the risk
disclosed in the company's statements and reports filed with the
SEC. The Company claims the safe harbor provided by Section 21E(c)
of the Exchange Act for all forward-looking statements.
For more information please visit
our website: www.ROILandInvestments.com
CONTACT:
Philippe Germain, President
T: +1 (514) 667 9470
M: +1 (418) 264 7134
Email:pgermain@roilandinvestments.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ROI Land Investments LTD via Globenewswire
HUG#1891232
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