Royalty North Announces Increase in Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2020) - Royalty North Partners Ltd. (TSXV: RNP) ("RNP" or the "Company") is pleased to announce that further to its press release dated June 26, 2020, it has increased the size of its non-brokered private placement financing (the "Private Placement") to a maximum of 2,800,000 units (the "Units") at a price of C$0.25 per Unit to raise maximum gross proceeds of C$700,000. All other terms of the Private Placement remain the same.
The Private Placement and the Agreement are subject to certain conditions, including the approval of the TSX Venture Exchange.
All securities issued pursuant to the Private Placement will be subject to a hold period of four months from the date of issuance of the securities.
On behalf of the Company,
Chief Executive Officer and Director
About Royalty North Partners Ltd.
RNP is a TSXV-listed company, which has previously been focused on creating a diversified portfolio of cash flowing royalties by providing financing to private businesses with gross revenues in excess of $10 million. RNP typically invested in companies with stable cash flows in non-resource-based sectors looking for growth/acquisition capital, recapitalization or succession liquidity. In return for the investment, RNP typically receives as consideration a percentage of the future gross sales.
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Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available.
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