Roadman Announces TSX-V Approval of Share Consolidation
Vancouver, British Columbia - The Newswire - January 24, 2022 - Roadman Investments Corp. (TSXV:LITT) (FWB:1QD) (OTC:RMANF) ("Roadman Investments'' or the "Company") a Canadian Venture Capital and Advisory Firm, is pleased to announce that the TSX Venture Exchange (the “TSXV”) has approved a share consolidation of the outstanding capital of the Company’s common shares on the basis of ten (10) pre-Consolidation common shares for one (1) post-Consolidation common share (the “Consolidation”).
The Consolidation was effective at the open of the market today January 24, 2022 (the “Effective Date”). The Company will not change its name as part of the Consolidation but will issue new share certificates under a new CUSIP number, which is 76973G206 ISIN: CA76973G2062. The Company’s common shares will continue to trade on the Exchange under its current symbol, “LITT”.
The Company currently has 200,787,636 common shares issued and outstanding. As at the Effective Date, the Company will have approximately 20,078,764 post-Consolidated common shares issued and outstanding.
About Roadman Investments Corp.
Roadman Investments Corp. (“Roadman”) is a Canadian Venture Capital, Investment and Advisory Firm that strives to actively drive innovation and accelerate growth for its shareholders. Roadman invests capital into private and public companies that offer excellent growth opportunities.
Cautionary and Forward-Looking Statements
This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, other statements relating to the financial and business prospects of the Company, and other matters.
Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.
Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, increase in costs, litigation, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.