Roadman Investments Corp. announced a non-brokered private placement of up to 30,103,121 units at a price of CAD 0.035 per common share for a gross proceeds of up to CAD 1,053,609.235 on October 7, 2022. Each unit will be comprised of one common share and one common share purchase warrant.

Each full warrant will be exercisable at CAD 0.05 for a period of 36 months from the date of issuance. The securities issued will be subject to a four-month-and-one-day hold period. In connection with the transaction, the company may pay finders' fees and/or issue finders' warrants on the same terms as the common share purchase warrants, to eligible parties who have assisted by introducing subscribers to the transaction.

The company will issue common shares to Winchester Advisory Ltd., an arm's length third-party, equal to 1% of the aggregate units issued, in consideration for administrative services rendered in support of the transaction. Completion of the transaction remains subject to the approval of the TSX Venture Exchange.