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.
SOURCE RiseTech