Roadman Announces Share Consolidation
20 January 2022 - 11:27AM
Roadman Investments Corp. (TSXV:LITT) (FWB:1QD) (OTC:RMANF)
("Roadman Investments'' or the "Company") a Canadian Venture
Capital and Advisory Firm, announces that it will be
consolidating all of the issued and outstanding common shares of
the Company ("Common Shares") on the basis of one (1)
postconsolidation Common Share for each ten (10) preconsolidation
Common Shares (the "Consolidation").
Trading of the Common Shares on a post-Consolidation basis on
TSX Venture Exchange (the “TSXV”) will commence on or about January
24, 2022. The Company's name and trading symbol LITT unchanged.
The Consolidation is expected to result in the number of issued
and outstanding Common Shares being reduced from 200,787,636
pre-consolidation Common Shares to approximately 20,078,764
post-Consolidation Common Shares. The exercise or conversion price
of warrants, convertible debentures, compensation options and
options, and the number of Common Shares issuable thereunder will
also be proportionately adjusted upon the completion of the
Consolidation. No fractional shares will be issued as a result of
the Consolidation. All fractions of Common Shares will be rounded
down to the next lowest whole number. No cash consideration will be
paid in respect of fractional shares.
The Consolidation is subject to the receipt of all required
regulatory approvals, including the approval of the TSXV. The
Company will be obtaining a new set of CUSIP and ISIN numbers for
the Consolidation. The effective date for the Consolidation and the
new CUSIP and ISIN numbers is expected to be January 20, 2022. The
Company anticipates that its current trading symbol will remain
unchanged.
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
Montaineluke@roadmancorp.com
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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