TSX VENTURE EXCHANGE: RTCC.P
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
VANCOUVER, Dec. 3, 2018 /CNW/ - RiseTech Capital Corp. ("RiseTech") (TSX Venture: RTCC.P) is pleased to announce that it has finalized the terms and condition of a non-brokered equity private placement (the "Offering"), The Offering will consist of the issuance of 500,000 common shares (the "Common Shares") of RiseTech at a price of $0.10 per Common Share for aggregate gross proceeds to RiseTech of up $50,000 in cash.
The Company intends to use the proceeds of the Offering to identify and evaluate assets or businesses, for acquisition with a view to completing a Qualifying Transaction (as defined in the TSXV Corporate Finance Policy 2.4 - Capital Pool Companies).
The Offering is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
Not for distribution to United States newswire services or for dissemination in the United States. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States unless an exemption from registration is available. This press release does not constitute an offer to sell or the solicitation of any offer to buy these securities in the United States.
Investors are cautioned that trading in the securities of a CPC should be considered highly speculative.
RiseTech is a CPC governed by the policies of the Exchange. RiseTech's principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.
Neither 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.
Notice on Forward-Looking Information
Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. RiseTech cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond RiseTech's control. Such factors include, among other things: RiseTech's ability to complete the Offering, identify, evaluate and complete a Qualifying Transaction and other risks and uncertainties, including those described in RiseTech's final prospectus dated September 28, 2018 filed with the Canadian Securities Administrators and available on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, RiseTech undertakes no obligation to publicly update or revise forward-looking information.
For further information: please contact Manny Padda, CEO of RiseTech, by email at [email protected] or by telephone at 778-381-6322.