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Roadman Investments launches non-brokered private placement

Roadman Investments Corp. launched a non-brokered private placement of up to 13,636,364 units at a price of 5.5 Canadian cents per unit for gross proceeds of up to C$750,000.

Each unit will consist of a common share in the capital of Roadman and half a common share purchase warrant. Each full warrant will be exercisable to acquire 1 additional share at a price of 10 Canadian cents for a two-year period from the issuance date.

The company plans to use the net proceeds for general corporate and working capital purposes.

Closing of the offering is subject to a number of conditions, including corporate and regulatory approvals.