Business
Roadman Announces Shares for Debt Transaction
(TheNewswire) September 09 , 2021 - TheNewswire - Vancouver, British Colu...
About this update from Futuregen Industries Corp.
[{"type":"text","content":"Roadman Announces Shares for Debt Transaction\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n September 09\n \n \n , 2021 - TheNewswire - Vancouver, British\nColumbia\n \n -\n \n Roadman Investments Corp. (TSXV:LITT)\n(FWB:1QD) (OTC:RMANF) (\"Roadman Investments'' or the\n\"Company\") a Canadian Venture Capital and Advisory Firm,\n announces that its board of directors has approved the settlement of\nup to $\n \n 37\n \n ,\n \n \n 800\n \n \n of debt through the issuance of\ncommon shares of the Company (the \"Debt Settlement\").\nPursuant to the Debt Settlement, the Company would issue up to\n \n \n 756,000\n \n \n common shares of the Company (the \"Shares\") at a\ndeemed price of $0.05 per Share to certain creditors of the Company\n(the \"Creditors\").\n \n \n \n \n The issuance of the Shares to the Creditors is subject\nto the approval of the TSX Venture Exchange. All securities issued\nwill be subject to a four month hold period which will expire on the\ndate that is four months and one day from the date of issue.\n \n \n \n \n About Roadman Investments\n \n \n \n \n Roadman Investments Corp. (“Roadman”) is a Canadian\nVenture Capital, Investment and Advisory Firm that strives to actively\ndrive innovation and accelerate growth for its shareholders. Roadman\ninvests capital into private and public companies that offer growth\nopportunities.\n \n \n \n \n Roadman Contacts:\n \n \n \n \n Luke Montaine\n \n \n \n \n \n [email protected]\n \n \n \n \n \n Cautionary and Forward-Looking\nStatements\n \n \n \n \n This news release includes certain statements that\nconstitute “forward-looking information” within the meaning of\napplicable securities law, including without limitation, completing a\ntransaction with Roadman Investments Corp, other statements relating\nto the financial and business prospects of the Company, and other\nmatters.\n \n \n \n \n Forward-looking statements address future events and\nconditions and are necessarily based upon a number of estimates and\nassumptions. These statements relate to analyses and other information\nthat are based on forecasts of future results, estimates of amounts\nnot yet determinable and assumptions of management. Any statements\nthat express or involve discussions with respect to predictions,\nexpectations, beliefs, plans, projections, objective...