ROI Land Investments Completes $3.5m Equity Raise
28 Maggio 2015 - 4:38PM
Proceeds to be
Used to Acquire Land in Evans, Colorado
QUEBEC CITY, QUEBEC May 28th 2015, - ROI
Land Investments, Ltd. (OTCQB: ROII) ("ROI" or the
"Company"), a diversified real estate land development
investment company, announced today that it has completed a
$3.5 million in common stock at a price of $0.75 per share to
accelerate its expansion in the United States. Approximately $3
million of the proceeds will be used to further acquire and develop
land in Colorado, with the remainder allocated for general
corporate purposes.
"The proceeds of this capital raise will enable ROI to acquire 225
acres (9,801,000 square feet) undeveloped land in Evans, Colorado,"
stated Philippe Germain, President of ROI. "Colorado boasts the
third fastest growing population of any state in U.S. since 2010,
which combined with a strong economy, is expected to drive
increased housing sales in the coming years and give the
construction industry a boost. We are delighted that the market has
been receptive to our plans to invest in the region and that we can
now move ahead with acquiring and developing the land to address
the growing housing shortage."
About ROI Land Investments Ltd.
ROI Land Investments Ltd. ("ROI")
is a Real Estate 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
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
KCSA Strategic Communications
Jeffrey Goldberger / Brad Nelson
212-896-1249 / 212-896-1217
jgoldberger@kcsa.com / bnelson@kcsa.com
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
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