Route1 Inc.: Route1 Closes $3 Million Private Placement
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TORONTO, ON / ACCESSWIRE / December 16, 2020 / Route1 Inc. (OTCQB:ROIUF)(TSXV:ROI) (the Company or Route1 ), an advanced North American provider of data-centric business empowerment solutions, today announced that based on strong demand, the Company has closed its previously announced $3,000,000 private placement.
The $3,000,000 was raised by way of a non-brokered private placement (the Offering ) of Units ( Units ) of the Company at a price of $0.85 per Unit. Each Unit consists of one common share in the capital of Route1 (the Common Share ) and one Common Share Purchase Warrant (the Warrant ). Each Warrant will be exercisable into one Common Share for a period of 18 months at a price of $1.00 per share. The Company may accelerate the expiry dates of
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