/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES./
TSX VENTURE EXCHANGE: RTCC.P
VANCOUVER, Nov. 21, 2018 /CNW/ - RiseTech Capital Corp.
("RiseTech") (TSX Venture: RTCC.P) is pleased to announce that
it has completed its initial public offering as a capital pool
company ("CPC").
On November 21, 2018, RiseTech
completed an initial public offering of 2,000,000 common shares at
a price of $0.10 per share for gross
proceeds to RiseTech of $200,000 to
purchasers in Alberta and British
Columbia. PI Financial Corp. (the "Agent") acted as agent in
respect of the offering and received a cash commission, as well as
an option to acquire 5% of the aggregate number of shares sold
pursuant to the offering for a period of 24 months from the date of
listing of the common shares on the TSX Venture Exchange (the
"Exchange") at an exercise price of $0.10 per common share. The Agent also received a
corporate finance fee of $5,000, plus
taxes.
RiseTech has filed the requisite post-closing documentation with
the Exchange in order to obtain final approval of the listing of
the common shares.
The directors and officers of RiseTech are Manny Padda,
Jeffrey D. Booth, Hamed Shahbazi, Tom
Liston and Keith
Spencer. Detailed information regarding each director
is contained within the final prospectus dated September 28, 2018, which is available to the
public at www.sedar.com.
Not for distribution to United
States newswire services or for dissemination in
the United States.
These securities have not been and will not be registered under the
United States Securities Act of 1933, as amended, or the securities
laws of any state, and may not be offered or sold in the United States unless an exemption from
registration is available. This press release does not
constitute an offer to sell or the solicitation of any offer to buy
these securities in the United
States.
Investors are cautioned that trading in the securities of a
CPC should be considered highly speculative.
RiseTech is a CPC governed by the policies of the
Exchange. RiseTech's principal business is the identification
and evaluation of assets or businesses with a view to completing a
Qualifying Transaction.
Neither 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.
Notice on Forward-Looking Information
Information set forth in this news release contains
forward-looking statements. These statements reflect management's
current estimates, beliefs, intentions and expectations; they are
not guarantees of future performance. RiseTech cautions that all
forward looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond RiseTech's control. Such factors include, among
other things: RiseTech's ability to identify, evaluate and complete
a Qualifying Transaction and other risks and uncertainties,
including those described in RiseTech's final prospectus dated
September 28, 2018 filed with the
Canadian Securities Administrators and available on www.sedar.com.
Accordingly, actual and future events, conditions and results may
differ materially from the estimates, beliefs, intentions and
expectations expressed or implied in the forward looking
information. Except as required under applicable securities
legislation, RiseTech undertakes no obligation to publicly update
or revise forward-looking information.
SOURCE RiseTech