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QUEBEC CITY, Quebec, Feb 3, 2015 - (ACN Newswire) - ROI Land Investments Ltd. (OTCQB: ROII) ("ROI" or the "Company"), a diversified real estate land development investment company, is pleased to announce that as part of its financial strategy concerning the Beauport Project Acquisition, which closed on October 14, 2014, the Company authorized the Issuance of up to US $5,500,000 in debt. Thus far, the Company on November 3rd, 2014 announced that the Company had secured a total of $4,516,940 from qualified individual and institutional investors in the form of a convertible Debt instrument. The Company today is pleased to announce that it received an additional capital infusion of $822,557.
The Notes are wholly secured by an assignment of a First Ranking Mortgage on the Beauport property. Computershare Inc. ("Computershare") acts as the independent collateral agent for the investors and paying agent for the debt-holders for both principal and interest.
ROI's President Mr. Philippe Germain, stated: "We are very pleased to have taken full advantage of our total authorized $5,500,000 debt issuance. We continue to make progress on the development of the Beauport project. We shall provide additional updates as they occur". For more detail information on this specific debt issuance please refer to our recent 8K filed on October 31, 2014.
About ROI Land Investments Ltd.
ROI Land Investments Ltd. ("ROI") is a Real State Investment Company specializing in Land Development. ROI's business model consists of acquiring attractive land developments free of zoning restrictions, obtaining the necessary development permits, outsourcing the development of the infrastructure and profiting from the sale of the subdivided land units to known large regional developers.
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; and (iii) the company's growth strategy and operating strategy.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements, as a result of various factors including the risk disclosed in the company's statements and reports filed with the SEC. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
For more information please visit our website: www.ROILandInvestments.com
CONTACT:
Philippe Germain, President
T: +1-514-667-9470
M: +1-418-264-7134
Email: pgermain@roilandinvestments.com
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ROI Land Investments LTD via Globenewswire
Topic: Press release summary
Source: ROI Land Investments Ltd.
https://www.acnnewswire.com
From the Asia Corporate News Network
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