Roosevelt Capital Group Inc. Announces Termination of Letter of Intent for Proposed Qualifying Transaction

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Calgary, Alberta--(Newsfile Corp. - April 21, 2020) - Roosevelt Capital Group Inc. (TSXV: ROSV.P) ("Roosevelt") announces that the letter of intent entered into with Anahit International Corp. ("Anahit"), previously announced on December 31, 2019, has been terminated by Roosevelt as the parties were unable to enter into a definitive agreement prior to the deadline. Roosevelt continues to pursue opportunities for a potential qualifying transaction.

For further information, please contact:

Bruce Bent
President, Chief Executive Officer, and Chief Financial Officer

Roosevelt Capital Group Inc.

Telephone: + 1 (905) 567-3431
Email: bbent@msw.on.ca

Neither 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 news release.

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the future business and operations of Roosevelt. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and Roosevelt disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on any such forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54714

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).