Routemaster Capital Inc. named James Lanthier president, CEO and a board director.
Lanthier succeeds Fred Leigh. Lanthier previously held roles such as CEO of Tangelo Games and COO of Mood Media.
Routemaster will also conduct a nonbrokered private placement of up to 40 million units priced at 5 Canadian cents apiece for gross proceeds of up to C$2 million. Each unit will consist of a common share and one-half of a common share purchase warrant. The warrant allows the holder to acquire an additional common share for 10 Canadian cents apiece for 24 months after the issuance.
The company intends to use net proceeds for investment opportunities and for general corporate purposes.
