QUEBEC CITY, May 28, 2015 (GLOBE NEWSWIRE) -- ROI Land Investments, Ltd. (OTCQB: ROII) ("ROI" or the "Company"), a diversified real estate land development investment company, announced today that it has completed a $3.5 million in common stock at a price of $0.75 per share to accelerate its expansion in the United States. Approximately $3 million of the proceeds will be used to further acquire and develop land in Colorado, with the remainder allocated for general corporate purposes.
"The proceeds of this capital raise will enable ROI to acquire 225 acres (9,801,000 square feet) undeveloped land in Evans, Colorado," stated Philippe Germain, President of ROI. "Colorado boasts the third fastest growing population of any state in U.S. since 2010, which combined with a strong economy, is expected to drive increased housing sales in the coming years and give the construction industry a boost. We are delighted that the market has been receptive to our plans to invest in the region and that we can now move ahead with acquiring and developing the land to address the growing housing shortage."
About ROI Land Investments Ltd.
ROI Land Investments Ltd. ("ROI") is a Real Estate 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
KCSA Strategic Communications
Jeffrey Goldberger / Brad Nelson
212-896-1249 / 212-896-1217
jgoldberger@kcsa.com / bnelson@kcsa.com
HUG#1924687