RG One Corp.

November 15, 2016 11:24 ET

RG One Corp. Announces New Leadership to Recommence Focus on Identifying Potential Acquisition Targets

Completes $142,000 financing and provides corporate update

TORONTO, ONTARIO--(Marketwired - Nov. 15, 2016) -

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RG One Corp. (the "Company") announces a new management team and board of directors intended to recommence focus on identifying potential acquisition targets, in addition to closing a private placement of 14,200,000 common shares at a price of $0.01 per share for gross proceeds of $142,000. Details of both the financing and leadership changes are outlined below. Incoming CEO and Director Isaac Maresky commented, "We look forward to identifying and evaluating prospective investment and acquisition opportunities."

RG One to Seek Investment Opportunities and Acquisition Targets

RG One Corp. will seek to acquire an interest in businesses with high growth potential. RG One may elect to invest some or all of its capital, currently upwards of $300,000, in the right opportunity, with possibility to raise additional capital and/or pursue a public listing. Businesses are encouraged to submit proposals to RG One Corp. at the contact details below.

Details of Financing

RG One Corp. today announces closing of a non-brokered private placement. Proceeds of the offering will be used for general working capital purposes. Messrs. Lorne Gertner, Paul Rosen and Jim Boyle, all directors of the Company subscribed for an aggregate of 2,500,000 common shares. As such, their transactions are considered to be related party transactions subject to Multinational Instrument 61-101. The Company is relying on exemptions from the formal valuation and shareholder approval requirements provided under MI 61-101. The Company also issued 994,000 Finder's Warrants to Sunel Securities Inc. Each Finder's Warrant is exercisable at $0.01 for a period of 3 years and consists of one common share and one common share purchase warrant. Each warrant is exercisable to purchase one common share at $0.01 for a period of 3 years.

Details of Management and Board Changes

Effective November 15, 2016, Messrs. Ryan Roebuck, Lorne Gertner, Jim Boyle and Paul Rosen have resigned as directors of the Company and Messrs. Gadi Levin, Alan Friedman and Isaac Maresky have been appointed to the board of directors of the Company. In addition, Ryan Roebuck resigned as President and Chief Executive Officer and Isaac Maresky has been appointed President and Chief Executive Officer; Jim Boyle has resigned as Chief Financial Officer and Corporate Secretary, Gadi Levin has been appointed Chief Financial Officer and Ryan Roebuck has been appointed Corporate Secretary.

About RG One Corp.

RG One Corp. is a reporting issuer focused on identifying high-growth investment opportunities. RG One Corp.'s documents may be accessed at www.sedar.com.

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