QUEBEC CITY, Quebec, Nov. 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.
As previously announced the Beauport/Cambert Project is a residential development located in Beauport, Quebec, Canada comprising 1,971,000 Sq. Feet. Full completion of the project is expected within the next three years. The Beauport/Cambert Project is the only low-density residential development planned in Beauport, Quebec for the next 10 years. Beauport is a suburb of Quebec City, Canada, with an overall population of 600,000 people. There was a 6.45% total population growth in the 2003-2011 period in Beaufort, compared to 5.87% growth for the Province of Quebec and a 4.46% growth for the whole country Canada over the same period, according to government agency Statistics Canada. http://www.youtube.com/watch?v=SJLmvMg_gfE
The Beauport/Cambert Project has been objectively appraised at CAD 8,200,000, according to the independent evaluation conducted by the Group Altus, a world-renowned independent appraisal and consulting firm. http://www.altusgroup.com
ROI's President Mr. Philippe Germain, stated: "We deeply appreciate the participation of our loyal investors, with respect to this initial debt offering. These funds shall be utilized for the full development and commercialization of these lands. This debt issuance as well as the acquisition of the Beauport project strongly illustrates our business model moving forward. In addition, the Company is currently evaluating several other acquisition targets as well as potential financing opportunities available to the Company."
The Company continues evaluating other land acquisition opportunities within Quebec and British Columbia, Canada as well as internationally. Management will continue to update shareholders via its SEC filings and press releases as additional material events occur. For more detail information on this specific debt issuance please referred to our recent 8K filed on October 31, 2014.
About ROI Land Investments Ltd.
ROI Land Investments Ltd. ("ROI") is a Real State Investment Company specializing in Land Development. ROI's business model consists of acquiring attractive land developments free of zoning restrictions, obtaining the necessary development permits, outsourcing the development of the infrastructure and profiting from the sale of the subdivided land units to known large regional developers.
SAFE HARBOR AND INFORMATIONAL STATEMENT This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; and (iii) the company's growth strategy and operating strategy.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements, as a result of various factors including the risk disclosed in the company's statements and reports filed with the SEC. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
For more information please visit our website: www.ROILandInvestments.com
CONTACT: Philippe Germain, President.
T: +1 (514) 667 9470
M: +1 (418) 264 7134
Email: Pgermain@ROILandInvestments.com
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