/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, Nov. 20, 2017 /CNW/ - RYU Apparel Inc. (TSX
VENTURE: RYU & Frankfurt Stock Exchange: RYA) ("RYU" or
the "Company"), creator of urban athletic apparel, is
pleased to announce it intends to undertake a non-brokered private
placement financing (the "Financing") of up to 55,555,556
units (the "Units") at a price of $0.09 per Unit for gross proceeds of up to
$5,000,000. Each Unit consists of one
common share and one transferable common share purchase warrant
(each, a "Warrant"). Each Warrant entitles the
holder to purchase one additional common share at a price of
$0.20 per common share for a period
of five years from the closing of the Financing. The Company
intends to close the Financing in tranches.
Completion of the Financing is subject to a number of
conditions, including, without limitation, receipt of all
regulatory approvals, including approval of the TSX Venture
Exchange (the "Exchange").
None of the securities issued in the Financing will be
registered under the United States Securities Act of 1933,
as amended (the "1933 Act"), and none of them may be offered
or sold in the United States
absent registration or an applicable exemption from the
registration requirements of the 1933 Act. This press release shall
not constitute an offer to sell or a solicitation of an offer to
buy nor shall there be any sale of the securities in any state
where such offer, solicitation, or sale would be unlawful.
For regular updates on RYU Apparel visit: http://ryu.com
About RYU
Respect Your Universe is an award winning
urban athletic apparel and accessories brand. Designed without
compromise for fit, comfort, and durability, RYU exists to
facilitate human performance. For more information, visit:
http://ryu.com
On Behalf of the Board
RYU APPAREL INC.
"Marcello
Leone"
Marcello Leone,
CEO, President and Chairman of the Board
Tel: 604-235-2880
This press 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 the Financing. 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) the
inability of RYU to complete the Financing at all or on the terms
announced; or (iii) the Exchange not approving the Financing.
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 Inc. nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange Inc.) accepts responsibility for the adequacy
or accuracy of this press release.
SOURCE RYU Apparel Inc.