ROI Land Investments Ltd. Closes Financing of $4,500,000
QUEBEC CITY, QUEBEC November 3, 2014 (GLOBE NEWSWIRE) — ROI Land Investments, Ltd. (OTCQB: ROII) (“ROI” or the “Company”), a diversified real estate land development investment company, is pleased to announce that as part of its financial strategy concerning the Beauport Project Acquisition, which closed on October 14, 2014, the Company authorized the Issuance of up to $5,500,000 in debt. Thus far, the Company has secured a total of $4,516,940 from qualified individual and institutional investors in the form of a convertible debt instrument. The notes are wholly secured by an assignment of a First Ranking Mortgage on the Beauport property. Computershare Ltd.. (“Computershare”) acts as the independent collateral agent for the investors and paying agent for the debt-holders for both principal and interest.
ROI Land Investments Ltd. Closes Financing of $4,500,000