RYU Announces Revised Terms of $12.5M Non-Brokered Private Placement

Vancouver, British Columbia--(Newsfile Corp. - August 20, 2021) - RYU Apparel Inc. (TSXV: RYU) (OTCQB: RYPPF) (FSE: RYAA) ("RYU" or the "Company"), a creator of award-winning urban athletic apparel, wishes to announce the revised terms of the non-brokered private placement financing of up to 12,500 units (each, a "Unit") of the Company at a price of $1,000 per Unit for aggregate gross proceeds of up to $12,500,000 (the "Offering"), which was previously announced by the Company's news release on August 17, 2021. The number of transferable common share purchase warrants (each, a "Warrant") per Unit has been reduced from 8,333 Warrants to 1,000 Warrants. All other terms of the Offering as announced on August 17, 2021 remain the same.

For regular updates on RYU Apparel visit: http://ryu.com

On Behalf of the Board

RYU APPAREL INC.
"Cesare Fazari" Cesare Fazari, CEO
Tel: 1-844-535-2880

Corporate Communications
Anna Brazier +1
(844) 535-2880
[email protected]

U.S. Investor Relations
RedChip Companies Inc.
Dave Gentry (407) 491-4498
[email protected]

About RYU

RYU Apparel (TSXV: RYU) (OTCQB: RYPPF), or Respect Your Universe, is an award winning urban athletic apparel and accessories brand engineered for active lifestyles. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate optimal human performance. For more information, please visit the RYU website at: http://ryu.com

This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU, such as statements that RYU intends to undertake and close the Offering. There are numerous risks and uncertainties that could cause actual results and RYU's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) risks inherent in the apparel industry in general; (iii) the inability of RYU to complete the Offering; or (iv) the TSX Venture Exchange not approving the Offering. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. 

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