Rio Theatre Properties Ltd. And FrontFundr are excited to announce the launch of the next phase of the campaign to Save the Rio!
Investing in the Rio Theatre property will not only help save the Rio, but it is also a solid Vancouver real-estate investment.
May 24, 2018 10:00 AM EDT | Source: FrontFundr
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2018) - This is an exciting and rare opportunity where you can invest in something that matters to you and directly affects your cultural, artistic and social life.
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Through their record breaking Indiegogo Crowd funding campaign, Rio raised over half a million dollars in donations. Their high profile campaign also attracted the attention of celebrities like Kevin Smith and Ryan Reynolds who generously offered their support to help save the Rio!
Recently, Rio Theatre's owner, Corinne Lea, made the exciting announcement, that Vancity has approved a 4 million dollar mortgage to help us purchase of the Rio Theatre.
The only thing that's missing now, is the final amount needed to buy the property.
Buying a piece of the Rio Theatre property, will give the community an opportunity to invest in their own historical cultural resource, so they can ensure it will have a long sustainable future.
Otherwise known as, Impact Investing which has become increasingly popular with growing interest in the - "Buy Local" movement. Instead of making investments in large corporations where you have no personal connection, this allows people to invest in their own communities and see their money make a difference!
Impact Investments are investments made into companies, organizations, and funds with the intention to generate social and environmental impact alongside a financial return.
With an Equity Crowd funding campaign through FrontFundr, both experienced and regular investors are able to exercise positive influence on businesses they would like to see succeed. Peter-Paul Van Hoeken, FrontFundr founder and CEO explain why it was important for the platform to work with the Rio Theatre: "As a Vancouver-based platform, we're proud to have Rio Theatre on our online investing platform accessible to everyone. The public is now empowered to decide on the future of this Vancouver landmark by investing and becoming a co-owner of Rio starting from $1,000"
Click here to find out more about investing in the Rio Theatre!
https://www.frontfundr.com/Company/rio_theatre
That means for a minimum of $1,000 you can become an equity shareholder and own a piece of a cultural icon.
About the Rio Theatre
Built in 1938, located on the corner of Commercial and Broadway in East Vancouver, The Rio Theatre is a historical landmark that has become an award winning hub for independent film and live performance.
Recent zoning changes have attracted the attention of developers who want to buy The Rio and tear it down for a new development project that would leave a big cavernous hole on the corner of Commercial and Broadway for years, and there is only one way to stop them: We buy The Rio ourselves!
#longlivetherio
https://www.frontfundr.com/Company/rio_theatre
About FrontFundr
FrontFundr is an online investing platform that empowers Canadians to find and make direct investments in the private companies they believe in - and become stakeholders in their future. FrontFundr's online exempt market dealer (EMD) status plus its modern technology lets users across Canada easily invest in vetted, innovative growth businesses in under 12 minutes.
For more information contact
Corinne Lea
corinne@riotheatre.ca
(604)723-2822
Full details of the offering can be found in the Offering Documents on FrontFundr. This document is for information purposes only. Please consult your finance professional before making an investment.