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Roll-Up Capital and Renntiger Resources Announce Completion of $4.4 Million Financing in Connection with Proposed Qualifying Transaction
Roll-Up Capital and Renntiger Resources Announce Completion of $4.4 Million Financing in C...
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[{"type":"text","content":"\n\n\n\nRoll-Up Capital and Renntiger Resources Announce Completion of $4.4 Million Financing in Connection with Proposed Qualifying Transaction\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Feb. 9, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n\n\n\nCALGARY, Feb. 9, 2017 /CNW/ - Roll-Up Capital Corp. (TSX.V: ROL.P - the \"Company\" or \"Roll-Up\"), a capital pool company, is pleased to announce the closing by Renntiger Resources Limited (\"Renntiger\") of: (i) a brokered private placement of 13,333,333 subscription receipts (the \"Subscription Receipts\") at an issue price of $0.30 per Subscription Receipt (the \"Issue Price\") for aggregate gross proceeds of approximately $4 million (the \"Brokered Offering\") and (ii) a non-brokered private placement of 1,382,364 Subscription Receipts at the Issue Price for additional aggregate gross proceeds of approximately $415,000, pursuant to the exercise of pre-existing participation rights by an existing shareholder of Renntiger (the \"Non-Brokered Offering\", and together with the Brokered Offering, the \"Offering\"). The Offering was completed in connection with a proposed plan of arrangement transaction (the \"Plan of Arrangement\") between Roll-Up and Renntiger, which will constitute Roll-Up's \"Qualifying Transaction\" (the \"Transaction\") on the TSX Venture Exchange (the \"TSXV\"). Following the completion of the Transaction, Roll-Up is referred to herein as the \"Resulting Issuer\"), and pursuant to the Transaction, all of the securities of Renntiger will be exchanged for, or will entitle the holders thereof to receive, securities of the Resulting Issuer.\n\nEach Subscription Receipt will entitle the holder thereof to receive, without payment of any additional consideration, and, subject to adjustment, one unit of Renntiger (a \"Unit\"), upon satisfaction or waiver of the Escrow Release Conditions prior to the Escrow Deadline (each as defined below). Each Unit is comprised of one common...