Roscan Gold arranges $3.5-million marketed offering

Nov 19, 2019

2019-11-18 15:55 ET – News Release

Mr. Greg Isenor reports

ROSCAN GOLD CORP. ANNOUNCES C$3,500,000 MARKETED OFFERING

Roscan Gold Corp. has entered into an agreement with Clarus Securities Inc., whereby the agent will raise up to $3.5-million through a best efforts marketed offering of up to 35 million units of the company to be priced at 10 cents per unit. Each unit comprises one common share in the capital of the company and one three-quarter common share purchase warrant, with each warrant entitling the holder to purchase one common share at an exercise price of 16 cents for 24 months following the completion of the offering.

The proceeds raised from the offering will be used by the company for exploration and development of the company’s mineral properties and for general corporate and working capital purposes.

The offering is scheduled to close on or about Dec. 10, 2019, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange. The securities to be issued under this offering will be offered by way of private placement exemptions in all the provinces of Canada. The units to be issued under this offering will also be offered offshore, including in the United Kingdom, pursuant to applicable exemptions, and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended.

About Roscan Gold Corp.

Roscan Gold is a Canadian gold exploration company focused on the acquisition and exploration of gold properties in West Africa. The company has assembled a significant land position of 100-per-cent-owned permits in an area of producing gold mines and major gold deposits, located both north and south of its Kandiole project in west Mali.

We seek Safe Harbor.

http://www.roscan.ca/