UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported): May 8, 2017
ROI LAND INVESTMENTS LTD.
(Exact name of registrant as specified
in its charter)
Nevada
(State or other jurisdiction of incorporation
or organization)
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000-54368
(Commission File Number)
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26-1574051
(I.R.S. Employer Identification No.)
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1002 Sherbrooke West, Suite 1430
Montreal, Quebec H3A 3L6
(Address of principal executive offices
with Zip Code)
888-351-7004
(Registrant’s telephone number,
including area code)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2) of this chapter).
Emerging
growth company
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If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Forward-Looking Statements
This Current Report on Form 8-K and
press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the
words “believes,” “expects,” “anticipates,” “intends,” “projects,”
“estimates,” “plans,” “may increase,” “forecast” and similar expressions or future
or conditional verbs such as “will,” “should,” “would,” “may” and “could”
are generally forward-looking in nature and not historical facts. Forward-looking statements are based on management’s current
expectations or beliefs about the Company’s future, expectations and objectives. These forward-looking statements are not
historical facts and are subject to risks and uncertainties that could cause the actual results to differ materially from those
projected in these forward-looking statements including, the general economic climate; the supply of and demand for real properties;
interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties
, including risks that the costs may be greater than anticipated and other risk factors that may be described from time to time
in the Company’s filings with the Securities and Exchange Commission and the OTC Markets. Readers of this release are cautioned
not to place undue reliance on forward-looking statements contained herein, which speak only as of the date stated, or if no date
is stated, as of the date of this Current Report. The Company undertakes no obligation to publicly update or revise the forward-looking
statements contained herein to reflect changed events or circumstances after the date of this press release, unless required by
law.
ITEM 5.02 ROI Land Investments Announces an Additional
Investment in Colorado-Update on Global Project Portfolio
Montreal, Quebec, Canada, May 8,
2017
— ROI Land Investments Ltd. (“ROI” or the “Company”) announces an additional US$1.53 M investment
in its Evans project in Colorado, USA. This investment decision stems from a comprehensive review of the Company’s project
portfolio. The Company also provides an update on the status of each of its ongoing investment projects.
Hill Pond Property Project, Evans,
Colorado, USA
In April 2017, ROI invested an additional
US$1.53 M the Evans project in Colorado Project to bring the total investment to date to US$5.85 M. The forecast for the Hill Pond
Property is between 1200 and 1400 units. The Company has secured enough water shares to execute the project, and the appropriate
zoning is in place. ROI is currently taking the necessary steps for the development and approval of the engineering infrastructure
master plan, the lot entitlements, as well as the construction permit from the Town of Evans.
British Columbia Project, Canada
When the land was acquired,
the Western Canada oil and gas industry was flourishing. Prices were high, and major investment projects were announced, including
one for the export of liquefied natural gas (LNG). The Company had entered into an agreement with the proponent of this project
to construct residential buildings for their staff. Subsequently, market conditions deteriorated, prices fell and projects were
postponed. Therefore, ROI has earmarked this land in British Columbia capital reserve for the Company until market conditions are
favourable to restart large-scale projects.
Sobha Project, United Arab Emirates
After a careful review of its initial
investment in the Sobha Project, ROI has decided not to carry on with the development of this project. The Company has
been
actively pursuing reaching a definitive
agreement with a
leading
UAE Group specialized
in real estate to transfer the ownership of the land, subject to approval from regional regulatory authorities.
Beauport Project, Quebec, Canada
Given the evolution
of residential needs in Quebec City, the land acquired in 2014 in the borough of Beauport has a good potential for low-density
residential development because of its location and the economic vitality of the metropolitan area. The development of the project
is currently at the stage of municipal permits.
"Over the past few months, we have
reviewed the ROI Land Investments development and financing strategy as well as the development program for each of our ongoing
projects. Based on this analysis, we made the most appropriate decisions for each of the projects in the best interests of the
Company and our shareholders. The Canadian market being less predictable, we will focus our efforts in Colorado because the regional
economy has experienced sustained growth for several years. In addition, the Evans Project is evolving in accordance with our plan,”
says Sami B. Chaouch, Executive Chairman and CEO. "We will also seek new attractive investment opportunities in the US market”.
About ROI Land Investments Ltd.
ROI Land Investments (ROI) participates
in the early stages of real estate development. The Company acquires raw land free of zoning restrictions in locations positioned
to benefit from unique economic catalysts. ROI also manages the permitting process, oversees the construction of infrastructure
and works closely with established developers to bring projects to completion. The Company has projects underway in North America
and the UAE.
www.roilandinvestments.com
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking
information, including all statements that are not statements of historical fact regarding the intent, belief or current expectations
of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii)
trends affecting the company’s financial conditions or results of operations; (iii): the company’s growth strategy
and operating strategy; and (iv) the declaration and payment of dividends.
The words “may,” “would,”
“will,” “expect,” “estimate,” “anticipate,” “believe,” “intend”
and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that
any such forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, many of which
are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking
statements as a result of various factors, including the risk disclosed in the company’s statements and reports filed with
the OTC Markets.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
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Description
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99.1
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Press Release, dated May 8, 2017.
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SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunder duly authorized.
ROI LAND INVESTMENTS, LTD.
Date: May 12, 2017
/s/Sami Chaouch
Sami Chaouch
Executive Chairman and Chief Executive Officer
Exhibit Number
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Description
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99.1
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Press Release, dated May 8, 2017.
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