Roscan Gold arranges $5-million marketed offering

May 6, 2020

2020-05-05 10:39 ET – News Release

Ms. Nana Sangmuah reports

ROSCAN GOLD CORP. ANNOUNCES C$5,000,000 MARKETED OFFERING

Roscan Gold Corp. has entered into an agreement with Clarus Securities Inc. and Canaccord Genuity Corp., whereby the co-lead agents will raise up to $5-million through an offering of up to 15,625,000 shares of the company to be priced at 32 cents per common share.

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 purposes.

The offering is scheduled to close on or about May 27, 2020, 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.

Rosman 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.

http://www.roscan.ca/