Roscan investor Gentile buys 13.25 million units

Dec 16, 2019

2019-12-16 13:23 ET – News Release

An anonymous director reports

MICHAEL GENTILE ANNOUNCES FILING OF EARLY WARNING REPORT RELATED TO ACQUISITION OF UNITS OF ROSCAN GOLD CORPORATION

Michael Gentile has filed an early warning report stating that, on Dec. 12, 2019, he acquired ownership and control over 13.25 million units of Roscan Gold Corp., comprising of 13.25 million common shares in the capital of Roscan and 9,937,500 common share purchase warrants representing approximately 7.91 per cent of the current issued and outstanding common shares on an undiluted basis, and, assuming the exercise of the warrants, approximately 13.07 per cent of the issued and outstanding common shares of Roscan. The units were purchased through a brokered private placement at a price of 10 cents per acquired unit.

The acquired units were acquired for investment purposes. Mr. Gentile may acquire additional common share of Roscan either on the open market or through private acquisitions, or sell the common shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

For further details relating to the acquisition, please see the report, a copy of which is available on SEDAR.

http://www.roscan.ca/