- Roshni Capital Inc. (ROSH.P) has completed its initial public offering for aggregate gross proceeds of $500,000
- The company issued 5 million common shares at a price of $0.10 per share
- Following the offering, a total of 8 million common shares will be issued and outstanding
- The net proceeds from the offering, along with the proceeds from sales of common shares, will be used by Roshni Capital to identify and evaluate assets or businesses for acquisition with a qualifying transaction
- Roshni Capital also announces the grant of stock options to directors and officers exercisable to acquire up to 800,000 common shares
- Roshni Capital Inc. (ROSH.P) is unchanged trading at $0.10 per share as of 2:31 p.m. EST
Roshni Capital Inc. (ROSH.P) has completed its initial public offering for aggregate gross proceeds of $500,000.
The company issued 5 million common shares at a price of $0.10 per share.
Following the closing of the offering, a total of 8 million common shares will be issued and outstanding.
3 million of which are currently held in escrow pursuant to the policies of the TSX Venture Exchange.
The common shares have commenced trading on the TSX Venture Exchange under the stock symbol “ROSH.P” as of today’s market open.
The net proceeds of the offering, along with the proceeds from sales of common shares, will be used by Roshni Capital to identify and evaluate assets or businesses for acquisition with a qualifying transaction.
Haywood Securities Inc. acted as an agent for the offering.
Roshni Capital compensated the agent as follows:
- $44,625 cash commission
- $10,000 corporate finance fee
- Option to acquire up to 446,250 common shares at a price of $0.10 for a period of three years following the listing date
Roshni Capital also announces the grant of stock options to directors and officers exercisable to acquire up to 800,000 common shares.
Roshni Capital Inc. (ROSH.P) is unchanged trading at $0.10 per share as of 2:31 p.m. EST.
