Vancouver, British Columbia – TheNewswire - April 21, 2021 – Roadman Investments Corp. (TSXV:LITT) (FWB:1QD) (OTC:RMANF) ("Roadman Investments'' or the "Company") a Canadian Venture Capital and Advisory Firm, is announcing that its board of directors has approved the settlement of up to $37,800 of debt through the issuance of common shares of the Company (the "Debt Settlement"). Pursuant to the Debt Settlement and eCommerce management program announced on February 24, 2021, the Company would issue up to 420,000 common shares of the Company (the "Shares") at a deemed price of $0.09 per Share to A3Com Solutions Corp. (the "A3Com").
Pursuant to the eCommerce management program with A3Com, the Roadman eCommerce management program is scheduled to run for a period of 12-months at a total annual cost of C$180,000 plus GST, which will be paid entirely in shares of LITT’s common stock at various intervals after services have been rendered.
The deemed price of the securities to be issued will be determined after the date services are provided in each period, and are to be calculated using the closing price on the TSX Venture Exchange on each of the dates as follows:
$36,000 of Roadman common share (plus GST) to be issued in five instalments:
Commencement of services;
The third month -- April 28, 2021;
The sixth month -- July 28, 2021;
The ninth month -- Oct. 28, 2021;
The 12th month -- Jan. 31, 2022.
The first issuance of shares for debt has been approved by the TSX Venture Exchange. Subsequent shares for debt settlements are subject to TSX approval. All securities issued will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issue.
About Roadman Investments Corp.
Roadman Investments Corp. (“Roadman”) is a Canadian Venture Capital, Investment and Advisory Firm that strives to actively drive innovation and accelerate growth for its shareholders. Roadman invests capital into private and public companies that offer excellent growth opportunities.
Roadman Contacts:
Luke Montaine
Cautionary and Forward-Looking Statements
This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, completing a transaction with A3Com, other statements relating to the financial and business prospects of the Company, and other matters.
Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.
Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, increase in costs, litigation, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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