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Routemaster Capital Inc. (RM.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.1350+0.0350 (+35.00%)
At close: 2:15PM EDT
Full screen
Previous Close0.1000
Open0.1000
Bid0.1350 x 0
Ask0.1500 x 0
Day's Range0.1000 - 0.1350
52 Week Range0.0200 - 0.2500
Volume388,500
Avg. Volume118,985
Market Cap8.304M
Beta (5Y Monthly)0.20
PE Ratio (TTM)N/A
EPS (TTM)-0.0110
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.15
  • GlobeNewswire

    Routemaster Announces $2 Million Private Placement

    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Oct. 07, 2020 (GLOBE NEWSWIRE) -- Routemaster Capital Inc. (TSX-V: RM) (“Routemaster” or the “Company”) is pleased to announce a non-brokered private placement financing of up to 20,000,000 units (a “Unit”) at a price of $0.10 per Unit for gross proceeds of up to $2,000,000 (the “Offering”). Each Unit will consist of one common share of the Company and one common share purchase warrant (a “Warrant”), entitling the holder to acquire one additional common share of Routemaster at an exercise price of $0.25 for a period of 24 months from issuance. If at any time after four months and one day from the closing date the common shares of Routemaster trade at $0.20 per common share or higher (on a volume weighted adjusted basis) for a period of 10 consecutive days, the Company will have the right to accelerate the expiry date of the Warrants to a date that is 30 days after the Company issues a news release announcing that it has elected to exercise this acceleration right.Closing of the Offering is expected to occur on or about October 22, 2020. All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one day. Completion of the Offering is subject to a number of conditions, including without limitation, receipt of TSX Venture Exchange approval.In connection with the Offering, a finder’s fee may be payable in line with the policies of the TSX Venture Exchange. Routemaster intends to use the proceeds of the Offering for potential investment opportunities and general corporate purposes.About Routemaster Capital Inc.: Routemaster Capital Inc. is a Canadian investment company that carries on business with the objective of enhancing shareholder value.For further information, please contact: Daniyal Baizak President and Chief Executive Officer Tel: +1 (416) 861-1685FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements, including statements regarding the intended use of proceeds, closing conditions and timing and other matters relating to the Offering. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

  • GlobeNewswire

    Routemaster Capital Signs LOI to Acquire 49% Interest in DeFi Holdings Inc., a Company Pursuing Investments in the Decentralized Finance Market

    TORONTO, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Routemaster Capital Inc. ( the “Company” or “Routemaster”) (TSX: RM) is pleased to announce it has entered into a binding Letter of Intent (“LOI”) to acquire a 49% equity interest in DeFi Holdings Inc. (the “Acquisition”). The LOI contemplates that Routemaster and DeFi Holdings will promptly negotiate and enter into a definitive agreement (the “Definitive Agreement”), together with such other documents that may be required in order to formalize and execute the terms of the Acquisition as outlined in the LOI.In consideration for the Acquisition, Routemaster shall upon closing issue 20,000,000 common shares of the Company at a deemed price of $0.055 per share to the shareholders of Defi Holdings in exchange for 49% of the common shares in the capital of Defi Holdings. Additional information in connection with the Acquisition will be provided by the Company in subsequent press releases.The completion of the Acquisition is subject to the receipt of all necessary approvals, including without limitation, negotiation and execution of a Definitive Agreement, shareholder and board approval of each of DeFi Holdings and the Company, as necessary, completion of due diligence and the satisfaction of all conditions (unless waived in writing) to be set out in the Definitive Agreement.DeFi Holdings is a company focused on investing, incubating and managing trading technologies associated with the fast-growing decentralised finance market. Decentralized finance could be considered the next wave of financial innovation on the blockchain. It refers to digital assets, financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum and other blockchains. In simpler terms, it is financial software built on the blockchain. Decentralized finance’s core selling point is the removal of intermediaries in transactions which in traditional finance provide the “trust” layer (i.e. banks and brokers) in a transaction between two parties. With decentralized finance, users can access the network directly, so there is no need for intermediaries.The goal of the investment is to give Routemaster shareholders exposure to the emerging decentralized finance industry. DeFi Holdings has a mandate to secure equity holdings of leading companies, creating new companies in the space, and operating a trading desk for underlying exposure to crypto currencies.“We are extremely excited to acquire a stake in DeFi Holdings and to gain access to the fast-growing decentralized finance market” said Daniyal Baizak, CEO of Routemaster. “As a listed investment issuer, this strategic alignment will give shareholders exposure to a diversified portfolio of decentralized finance assets.”The decentralized finance market represents a paradigm shift in traditional financial derivatives and has created new financial products around staking, yielding and decentralisation of permission-less financial infrastructure associated with digital assets.DeFi Holdings has brought on board Wouter Witvoet, Founder and CEO of SecFi Inc., as an investor and advisor. SecFi is a leading collateralised lending company that has raised US$550 million dollars and is backed by leading venture capital companies to build a platform for illiquid private companies. Wouter Witvoet said: “The alternative assets space is rapidly expanding into more areas and decentralized finance can play a key role in making this market more efficient as we have learnt from our three years of building the leading financing platform for private company stock.”The other portfolio asset is an agreement with Paycase Financial, an early adopter and pioneer in the Canadian digital asset ecosystem. Paycase Financial’s team and subsidiaries have expertise in market and regulatory infrastructure. They bring specialization in decentralized finance technologies and the ability to create products that are accessible to a variety of users. Paycase CEO, Joseph Weinberg said: “Over the last 10 years, we have been focused on providing digital asset infrastructure to enable better services globally. Decentralized finance presents the next generation of financial services and can enable new opportunities for traditional investors, and diversification to the current global financial system. In a global environment where negative interest rates are a reality, we need to ensure there are options for the future of the global economy.”Sunny Ray, Paycase co-founder, said: “Decentralized finance enables the elimination of friction in financial systems by reducing counterparty risk. We helped usher in the bitcoin and ethereum movement over the past decade.” He went on to say, “just in the past few years, we’ve seen a wave of innovative financial services find their way onto open blockchains such as borrowing and lending, robo-advisory services, automated exchanges, liquidity provisioning, insurance contracts, derivatives, oracle services, and much more. Now we’re beginning to see the democratization of the rest of the financial system, using these base layers to enable a more fair system for the average individual and investors globally.““DeFi Holdings is excited to be partnering with Routemaster to develop a leading holding company of assets in the decentralized finance market. We look forward to leading the company to be one of the first diversified holding companies in the decentralized finance space on the public market” said Olivier Roussy Newton, founder of DeFi Holdings Inc.About Routemaster Capital Inc.: Routemaster Capital Inc. is a Canadian investment company that carries on business with the objective of enhancing shareholder value.For further information, please contact: Daniyal Baizak President and Chief Executive Officer Tel: +1 (416) 861-1685Cautionary note regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the acquisition by Routemaster of an interest in DeFi Holdings; the terms of such transaction; the Defi Holdings business; the pursuit by Routemaster of investment opportunities; and the merits or potential returns of any such investments. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

  • GlobeNewswire

    Routemaster Sells Lithium Royalty and Quebec Royalty and Provides Corporate Update

    TORONTO, Sept. 11, 2020 (GLOBE NEWSWIRE) -- Routemaster Capital Inc. (TSXV: RM) (“Routemaster” or the “Company”) is pleased to announce that it has entered into a royalty purchase agreement (the “Purchase Agreement”) with 2776234 Ontario Inc. (the “Purchaser”) to sell the 1.0% net smelter returns royalty granted by Potasio Y Litio de Argentina S.A. with respect to the Sal de los Angeles lithium project (the “Lithium NSR Royalty”) and the 2.0% net smelter returns royalty granted by QMX Gold Corporation with respect to its Quebec mineral properties (the “QC NSR Royalty” and, together with the Lithium NSR Royalty, the “Royalties”) (the “Transaction”). As consideration for the Royalties, Routemaster received 404,200 common shares of Brazil Potash Corp. at a price per share of US$3.75 and 1,010,500 common shares of Flora Growth Corp. at a price per share of US$0.75 per share. Based on the Bank of Canada exchange rate of C$1.317 to US$1.00, Routemaster received total consideration valued at approximately C$3,000,000. The Transaction is considered an Exempt Transaction in accordance with the policies of the TSX Venture Exchange and the Purchaser is a Non Arms Length Party of Routemaster.Corporate UpdateThe Company is also pleased to announce that Daniyal Baizak has been appointed President, Chief Executive Officer and a director of the Company. Mr. Baizak is a business consultant with considerable experience providing financial and strategic advice on investment, mergers and acquisitions and project management for a variety of private and public companies. Mr. Baizak holds a Bachelor of Commerce from Rotman School of Management, University of Toronto.Mr. Baizak replaces Fred Leigh, the former President, Chief Executive Officer and director of the Company. Management and board of directors of the Company would like to thank Mr. Leigh for his services and continued support of the Company.About Routemaster Capital Inc.: Routemaster Capital Inc. is a Canadian investment company that carries on business with the objective of enhancing shareholder value. For further information, please contact: Daniyal Baizak President and Chief Executive Officer Tel: +1 (416) 861-1685FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements, including statements regarding the Transaction and the appointment of Mr. Baizak. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.