Sora Capital Makes Strategic Investment in RosterBot Inc.
May 7, 2014
VANCOUVER, BC – Sora Capital Corp. (“Sora” or “the Company”), announces the Company has made a strategic investment in RosterBot Inc. (“RosterBot”) through the execution of a Share Purchase Agreement.
Sora has agreed to purchase up to 532,763 common shares in RosterBot @ $1.877 per share and has a warrant to purchase an additional 55,000 common shares @ $1.877 expiring October 15, 2015. The funds will be used by RosterBot for product and marketing development.
Founded in 2008 by Ian Andrew Bell and joined by former NHL player Bret Hedican in 2012, RosterBot is a leading team management service supporting athletes of all ages in more than 60 countries and more than 350 different types of sports and activities. The platform automates the mundane and onerous tasks of scheduling and schedule changes, player notification including filling spares, payments and more. RosterBot’s mission is to encourage people to live healthier lives through team activities.
Paul Reinhart, Sora’s President and CEO, comments, “RosterBot has achieved impressive growth metrics since inception and this initial financing from Sora will provide RosterBot the means to accelerate its development and commence its marketing plan. From a personal standpoint, a number of recreational teams I play on have recently started using RosterBot and all my teammates are now enjoying a ‘play like the pros’ experience.”
Since its inception RosterBot has grown organically and today is well positioned with its feature-rich platform. To gain a better understanding of RosterBot and to “take the work out of play”, please visit the RosterBot website.
Paul Reinhart and Greg Hope will be joining the RosterBot board of directors immediately and will advise RosterBot and Ian as it expands its reach and evolves its product to meet growing demand.
For further information please contact:
Reid Anderson, Sora Capital Corp.
reid(@)soracapital.ca :: @soracapitalcorp
RosterBot Announces $1.0 million Financing (https://rosterbot.com/?p=758)
Sora Capital Corporation (http://soracapital.ca)
Rosterbot Inc. (https://rosterbot.com/)
The Canadian Stock Exchange has neither approved nor disapproved this release.