ROI Land Investments Closes $3,000,000 Financing
21 5월 2015 - 10:51PM
ROI to Use
Proceeds to Acquire Land in British Columbia
QUEBEC CITY, QUEBEC May 21st, 2015, - ROI
Land Investments, Ltd. (OTCQB: ROII) ("ROI" or the
"Company"), a diversified real estate land development
investment company, announced today that it has completed on a
$3,000,000 bond offering to accelerate its strategy to acquire and
develop land in Kitimat, British Columbia.
"The proceeds will enable ROI to acquire 170,000 square feet of
land and fund initial development work, including permitting and
demolition," stated Philippe Germain, President of ROI. "The
Kitimat region of British Columbia is experiencing strong economic
development due to the growth of liquefied natural gas projects in
the area. Our plans to develop the land and construct 84
apartments and nine townhouses will play a crucial role in ensuring
there is adequate housing to support the population increase in the
region."
The offering, which the Company closed on May 8th, 2015,
is comprised of two series of notes: Series A for aggregate
proceeds of $2,442,830 and Series B for aggregate proceeds of
$473,117. The notes are due May, 2018, bear interest of 8% and
are collateralized by a secured interest in the Kitimat
property. Computershare is acting as the independent
collateral agent for the investors and paying agent for the
debtholders.
About ROI Land Investments Ltd.
ROI Land Investments Ltd. ("ROI")
is a Real Estate 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
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
KCSA Strategic Communications
Jeffrey Goldberger / Brad Nelson
212-896-1249 / 212-896-1217
jgoldberger@kcsa.com / bnelson@kcsa.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#1923248
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