Regency Affiliates Inc. announced that it expects to receive $10 million in funding from Royalty Holdings LLC and other investors.
March 06, 2016
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Regency Affiliates Inc. (OTCPK:RAFI) announced a private placement of 1,212,121 common shares at $8.25 per share for gross proceeds of $9,999,998 on March 7, 2016. The transaction will include participation from accredited record stockholders, Royalty Holdings LLC, and Chief Executive Officer of the company to subscribe for 616,124 common shares. The transaction is set to expire on April 7, 2016, but may be extended at the discretion of the company.
The company will issue securities pursuant to exemption provided under Regulation D.
Regency Affiliates, Inc. invests in assets that generate predictable and sustainable returns on capital. The Companyâs objective is to generate long-term value for its shareholders. Its management seeks sound investment opportunities to meet its business characteristics and valuation criteria. The Company holds a limited partnership interest in Security Land and Development Company Limited Partnership (Security Land), which owns and operates 34.3 acres of land and rental property of approximately 717,000 square feet in Woodlawn, Maryland. Its wholly owned subsidiary is RSS Investments LLC (RSS). RSS acquired majority ownership (80%) of SSCP Harrisburg Holdings, LLC (Harrisburg Holdings). Harrisburg Holdings is the sole member of SSCP Harrisburg Intermediate Holdings, LLC. Through its controlling interest of SSCP Harrisburg Holdings, LLC, it is focused on the ownership, operation, and acquisition of self-storage properties located within the Harrisburg, Pennsylvania area.
REGENCY AFFILIATES, INC. 
