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| Proceeds to be used to fund ongoing development projects |
MONTREAL, QUEBEC, Sept 29, 2015 - (ACN Newswire) - ROI Land Investments Ltd. (OTCQB: ROII) ("ROI" or the "Company"), a diversified real estate land development investment company, announced today that it has raised USD 5.5 million in debt and equity financing. This latest round of financing will be used to further develop the Company's existing projects in Colorado, U.S., and British Columbia, Canada, and for general corporate purposes.
Philippe Germain, President and Co-Founder of ROI Land Investments commented, "Our robust, diversified portfolio includes projects in the earliest stages of development, providing a unique opportunity for investors to profit from this underserved niche in the real estate market. We are delighted that our business model continues to generate a positive response from the investment community. This latest round of financing is instrumental for ROI thus far enabling our Company to build out infrastructure in our properties located in Colorado and British Columbia."
About ROI Land Investments Ltd.
ROI Land Investments (OCTQB: ROII) participates in the early stages of real estate development. The Company acquires raw land free of zoning restrictions located in geographies positioned to benefit from unique economic catalysts. ROI also manages the permitting process, oversees the construction of infrastructure and works closely with established developers to bring the projects to completion. The Company has projects underway throughout North America and the UAE.
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; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. 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 US Securities & Exchange Commission. 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
Investor / Media Contacts:
KCSA Strategic Communications
Brad Nelson / Elizabeth Barker
+1-212-896-1249 / +1-212-896-1203
bnelson@kcsa.com / ebarker@kcsa.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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