Respect Your Universe Inc (RYU)

[gamood]

VANCOUVER, Feb. 9, 2018 /CNW/ - RYU Apparel Inc. ("RYU" or the "Company") (TSXV:RYU), creator of urban athletic apparel, is pleased to announce it intends to undertake a non-brokered private placement financing (the "Financing") of up to 33,333,333 shares (each, a "Share") at a price of $0.12 per Share for gross proceeds of up to $4,000,000.

The Company is offering the Financing to key strategic groups including a proposed $2,000,000 investment from the Jeremy Bieber Group who, following closing, will act in a Global Chief Influencer role for the Company.

Completion of the Financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange (the "Exchange").

None of the securities issued in the Offering will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.