RYU Apparel Announces $4 Million Private Placement including $2M from Strategic Investor Group

RYU Apparel Inc. creator of urban athletic apparel, is pleased to announce it intends to undertake a non-brokered private placement financing of up to 33,333,333 shares at a price of $0.12 per Share for gross proceeds of up to $4,000,000.

The Company is offering the Financing to key strategic groups including a proposed $2,000,000 investment from the Jeremy Bieber Group who, following closing, will act in a Global Chief Influencer role for the Company.

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.