TORONTO, ONTARIO--(Marketwired - Mar 23, 2017) - Routemaster Capital Inc. (TSX VENTURE:RM) ("Routemaster" or the "Company") is pleased to announce that it has acquired 4,100,000 common shares in the capital of Sulliden Mining Capital Inc. (SMC.TO) ("Sulliden") at a price of CDN$0.30 per common share for an aggregate investment of CDN$1,230,000.
Prior to the acquisition of the aforementioned shares, Routemaster held 2,521,500 common shares of Sulliden. Routemaster now holds an aggregate of 6,621,500 common shares of Sulliden which represents 18% of the issued and outstanding Sulliden common shares.
Routemaster purchased these Sulliden shares for investment purposes. The Company may purchase or sell additional Sulliden shares in the future.
About Routemaster Capital Inc.:
Routemaster Capital Inc. is a Canadian investment company that carries on business with the objective of enhancing shareholder value.
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements, including statements regarding the Company's investment in common shares of Sulliden Mining Capital Inc. and future investments by the Company. 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.