Routemaster Capital Inc announced a non-brokered private placement financing of up to 10 million common shares for gross proceeds of up to C$1 million.
Closing of the financing is expected to occur on or about Dec. 15. The shares will be subject to a statutory hold period of four months and one day. Completion is subject to a number of conditions including receipt of TSX Venture Exchange approval.
Routemaster may pay finder's fees in cash of up to 6% of gross proceeds of the financing. It intends to use the proceeds for general corporate purposes.
