For Immediate
Release
21
March
2024
ROGUE BARON
PLC
("Rogue
Baron" or the
"Company")
Institutional Investment
into Shinju
Spirits
Rogue Baron PLC (AQSE:
SHNJ), a premier company in the premium spirit sector, is pleased
to announce that it has received investment from a US based
Institutional Investor ("Investor"), which has agreed to invest USD
$1,000,000 directly into Rogue
Baron's
wholly owned US subsidiary, Shinju Spirits Inc. ("Shinju Spirits";
the
"Investment").
The USD $1,000,000 is comprised of USD $750,000 in cash and USD $250,000 worth of business enhancement services,
which will be provided by the Investor to support the sales growth
of Shinju Japanese Whisky, the Company's signature
brand.
In return for the
Investment, the Investor will receive $750,000 of Seed Series Preferred Shares in
Shinju Spirits that will have customary rights of a venture capital
financing, commensurate with the rights set out in the American
National Venture Capital Association Model Legal Documents. The
Investor will also receive $250,000
in warrants to purchase up to a further $250,000 in common stock of Shinju
Spirits.
Following the Investment,
the Investor will hold 22.23% of Shinju Spirits, on a fully diluted
basis, after exercise of the warrants, and Rogue Baron will own
60.50%. The remaining shares in
Shinju Spirits Inc. are held by certain employees who have been
issued stock in lieu of cash for services
rendered.
The Directors of the
Company accept responsibility for the contents of this
announcement.
For further information,
please
contact:
Ryan
Dolder
rdolder@roguebaron.com
Aquis Growth
Market Corporate Adviser:
Peterhouse
Capital Limited
Guy Miller and Narisha Ragoonanthun +44 (0) 20
7220 9795
Aquis Growth
Market Corporate Broker:
Peterhouse
Capital Limited
Lucy Williams +44 (0) 20 7469
0936
Joint
Broker:
Clear Capital
Limited
Bob Robers +44 (0) 20 3869
6080