Alberta Securities Commission Dismisses Allegations

Rhea-AI Summary

Roadman Investments Corp. (OTC PINK: RMANF) announces that the Alberta Securities Commission (ASC) panel dismissed all allegations against the company and its executive, Luke Montaine, stemming from a Notice of Hearing issued in August 2020. The ASC staff could not prove any claims made against them. Roadman Investments is a Canadian venture capital firm focused on driving innovation and growth. The company plans to update stakeholders once the ASC's written decision is released.

VANCOUVER, BC / ACCESSWIRE / June 04, 2021 / Roadman Investments Corp. (TSXV:LITT)(FWB:1QD)(OTC PINK:RMANF) ("Roadman Investments'' or the "Company") is pleased to announce that on May 26, 2021 the Alberta Securities Commission ("ASC") panel held that ASC Staff did not prove any of the allegations in the Notice of Hearing, dated August 17, 2020 and/or the Amended Notice of Hearing, dated March 12, 2021. Accordingly, all allegations against Roadman Investments and Luke Montaine are dismissed.

The Company will provide a further update once the ASC has issued its written decision.

About Roadman Investments

Roadman Investments Corp. ("Roadman") is a Canadian Venture Capital, Investment and Advisory Firm that strives to actively drive innovation and accelerate growth for its shareholders. Roadman invests capital into private and public companies that offer excellent growth opportunities.

Roadman Contacts:

Luke Montaine
luke@roadmancorp.com

Cautionary and Forward-Looking Statements

This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, completing a transaction with Roadman Investments Corp, other statements relating to the financial and business prospects of the Company, and other matters.

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, increase in costs, litigation, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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.

SOURCE: Roadman Investments Corp.

View source version on accesswire.com:
https://www.accesswire.com/650556/Alberta-Securities-Commission-Dismisses-Allegations

FAQ

What did the Alberta Securities Commission rule regarding Roadman Investments on June 4, 2021?

The Alberta Securities Commission ruled that the allegations against Roadman Investments Corp. and Luke Montaine were dismissed due to lack of evidence.

What is the stock symbol for Roadman Investments?

The stock symbol for Roadman Investments is RMANF.

When were the allegations against Roadman Investments dismissed?

The allegations against Roadman Investments were dismissed on June 4, 2021.