ROI LAND INVESTMENTS LTD. (OTCMKTS:ROII) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 Departure of Directors or certain Officers; Election of Directors; Compensatory Arrangements of Certain Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 22, 2018, Mr. Stephané Boivin resigned from the Board of Directors of ROI Land Investments, Ltd. (“ROI” or the “Company”). On February 27, 2018, Mr. Peter Hoffman was appointed new Director of the Company to fill the vacancy created by Mr. Boivin and will also replace Mr. Martin Scholz as the Company’s new Chairman of the Board of Directors. Mr. Boivin was also removed from his directorship positions held in the Company’s subsidiaries, namely ROI DEV Canada Inc., ROI Securitisation SA and ROI Land Investments FZ.
Mr. Peter Hoffman has served as Director, Managing Partner and Owner of several real estate investment companies in Canada for over 25 years. He is also a key investor and manager of a portfolio of major real estate properties in North America. Mr. Hoffmann is a ROI shareholder and has served as a member of the Company’s Advisory Board of the Board of Directors since August 2015, and has been essential in identifying and sourcing new business opportunities. Mr. Hoffman shall be compensated USD1,500 per month for his position as Chairman of the Board of Directors.
Additionally, on February 26, 2018, the Company appointed Ms. Claudia Nelke as Vice President of Administration.
Ms. Claudia Nelke joined ROI as Executive Assistant to the CEO in December 2015 and was also appointed as Corporate Secretary in June 2017. After completing her education in graphic arts and visual communication, Ms. Nelke worked as Artistic Director for several national and international brands. In 2001, she became Customer Service and Visual Communication Manager for large-scale interactive 3D projects related to international events or outstanding sites. Through her work as a real estate broker, she acquired substantial knowledge of related legal processes and the management of real estate projects. Ms. Nelke’s compensation shall be increased by CAD1,000 per month for her additional role as Vice President of Administration.
About ROI LAND INVESTMENTS LTD. (OTCMKTS:ROII)
ROI Land Investments Ltd. is a land development company that owns and operates businesses in the land development industry. The Company’s business model consists of acquiring land free of zoning restrictions, obtaining the necessary permits, outsourcing developments of the infrastructure and profiting from the sale of the subdivided land units to established residential and commercial building developers. Its real estate projects in development include Beauport, Quebec City; Terrace, British Columbia; Kitimat, British Columbia; Louisette, France; Evans, Colorado, and Sobha Hartland, Dubai. It owns approximately three properties in Terrace. The Evans project features a mix of housing units, including single family homes, town homes, duplexes and condos. The Sobha Hartland project features three, eight-story buildings for a total of approximately 300 units. Each building offers Dubai residents with a range of housing options.