/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES./
CALGARY, Jan. 5, 2017 /CNW/ - Further to its news releases
of December 9, 2016 and December 12, 2016, Roll-Up Capital Corp. (TSX.V:
ROL.P - the "Company" or "Roll-Up"), a capital pool
company ("CPC"), announces that it has entered into an
amending agreement (the "Amending Agreement") amending the
terms of the plan of arrangement (the "Plan") set forth as a
schedule to the arrangement agreement dated December 9, 2016 (the "Agreement") between
Roll-Up and Renntiger Resources Limited
("Renntiger").
The amendments to the Plan were made with a view to clarifying
the process by which shareholders of Renntiger would receive shares
in the capital of Roll-Up if the transaction contemplated by the
Agreement is completed.
A copy of the Amending Agreement, including the amended Plan,
will be filed under the Company's profile on the SEDAR website.
About Roll-Up Capital Corp.
Roll-Up is a CPC that completed its initial public offering and
obtained a listing on the Exchange in September 2015 (trading symbol: "ROL.P").
Prior to entering into the Agreement, Roll-Up did not carry on any
active business activity other than reviewing potential
transactions that would qualify as Roll-Up's Qualifying
Transaction.
About Renntiger Resources Ltd.
All information in this Press Release relating to Renntiger
is the sole responsibility of Renntiger. Management of Roll-Up has
not independently reviewed this disclosure nor has Roll-Up's
management hired any third party consultants or contractors to
verify such information.
Renntiger is a private junior mineral exploration company,
formed in 2010 and registered in British
Columbia, with a wholly owned subsidiary, Renntiger
Resources USA Ltd., registered in
Nevada. Renntiger is based in Vancouver, BC. Michael Gunning (Ph. D., P.Geo.) and
Darrin Wagner (M.Sc.,P.Geo.) are the
founders and principals of Renntiger, and bring over 50 years of
combined industry experience to the company.
Renntiger has been active since 2012. It has raised
approximately C$3,200,000 in the past
four years. The focus is early-stage copper and gold
exploration in the western United
States, namely Nevada. Renntiger holds 100% interests
in properties in Humboldt County, Mineral County and Nye
County. Working capital exceeds C$500,000, and exploration is ongoing on its core
asset, the Bonita Property.
Cautionary Note
As noted in Roll-Up's press release of December 9, 2016, completion of the transaction
contemplated by the Agreement and the Plan is subject to a number
of conditions including, without limitation, approval of the TSX
Venture Exchange, approval of the shareholders of Renntiger and
court approval. There can be no assurance that the transaction will
be completed as proposed or at all.
ON BEHALF OF THE BOARD OF DIRECTORS:
Michael G. Thomson,
President, Chief Executive Officer,
Chief Financial Officer and Director
This press release is not an offer of the securities for sale
in the United States. The securities have not been registered
under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United
States absent registration or an exemption from
registration. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any state in which such
offer, solicitation or sale would be unlawful.
Completion of the transaction contemplated in the Agreement
is subject to a number of conditions, including but not limited to,
Exchange acceptance. There can be no assurance that such
transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the
filing statement to be prepared in connection with the transaction
contemplated by the Agreement, any information released or received
with respect to such transaction may not be accurate or complete
and should not be relied upon. Trading in the securities of a
capital pool company should be considered highly
speculative.
The TSX Venture Exchange Inc. has in no way passed upon the
merits of the transaction contemplated by the Agreement and has
neither approved nor disapproved the contents of this press
release.
Neither the 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 press release.
SOURCE Roll-Up Capital Corp.