THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
TORONTO, April 08, 2021 (GLOBE NEWSWIRE) — Roscan Gold Company (TSXV: ROS) (FSE: 2OJ) (OTC Pink: RCGCF) (“Roscan” or the “Firm”) is happy to announce the closing of its beforehand introduced in a single day marketed public providing (the “Providing”) of widespread shares of the Firm (the “Frequent Shares”).
The Providing was accomplished via a syndicate of brokers led by Clarus Securities Inc. that included Beacon Securities Restricted, Echelon Wealth Companions Inc., Cormark Securities Inc. and Paradigm Capital Inc. (the “Brokers”).
Pursuant to the Providing, the Firm issued the utmost of 35,714,500 Frequent Shares, for gross proceeds of C$15,000,090. The Firm additionally issued 2,142,870 non-transferable widespread share buy warrants as compensation to the Brokers.
The web proceeds of the Providing will probably be used to fund the Firm’s ongoing exploration program in Mali and to fund working capital and different normal company functions.
The Frequent Shares have been supplied within the Provinces of British Columbia, Alberta and Ontario pursuant to a closing brief kind prospectus dated April 1, 2021.
This press launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any securities in the US. The securities haven’t been and won’t be registered beneath the US Securities Act of 1933, as amended, (the “U.S. Securities Act“), or any state securities legal guidelines and is probably not supplied or offered inside the US besides pursuant to an accessible exemption from the registration necessities of the U.S. Securities Act and relevant state securities legal guidelines.
No securities regulatory authority has both authorised or disapproved of the contents of this information launch.
Roscan Gold Company is a Canadian gold exploration firm centered on the exploration and acquisition of gold properties in West Africa. The Firm has assembled a big land place of 100%-owned permits in an space of manufacturing gold mines (together with B2 Gold’s Fekola Mine which lies in a contiguous property to the west of Kandiole), and main gold deposits, situated each north and south of its Kandiole Challenge in West Mali.
For additional data please contact:
Andrew J. Ramcharan, P.Eng
Govt Vice President – Company Growth & Investor Relations
Tel: (416) 572-2295
Electronic mail: aramcharan@Roscan.ca
Greg Isenor, P.Geo
Tel: (902) 221-2329
Electronic mail: gpisenor@Roscan.ca
This information launch incorporates sure “forward-looking statements” beneath relevant Canadian Securities laws. These statements relate to the meant use of proceeds Providing. There might be no assurance that such statements will show to be correct, and precise outcomes and future occasions may differ materially from these anticipated in such statements. Ahead-looking statements replicate the beliefs, opinions and projections on the date the statements are made and are based mostly upon plenty of assumptions and estimates that, whereas thought-about cheap by Roscan, are inherently topic to important enterprise, financial, aggressive, political and social uncertainties and contingencies. Many elements, each recognized and unknown may trigger precise outcomes, efficiency or achievements to be materially totally different from the outcomes, efficiency or achievements which are or could also be expressed or implied by such forward-looking statements and the events have made assumptions and estimates based mostly on or associated to many of those elements. Such elements embody, with out limitation: dangers associated to share worth and market circumstances, the inherent dangers concerned within the mining, exploration and improvement of mineral properties, the uncertainties concerned in decoding drilling outcomes and different geological information, fluctuating steel costs, the opportunity of venture delays or value overruns or unanticipated extreme working prices and bills, uncertainties associated to the need of financing, the supply of and prices of financing wanted sooner or later in addition to these elements disclosed within the Firm’s paperwork filed occasionally with the securities regulators within the Provinces of British Columbia, Alberta and Ontario. Accordingly, readers shouldn’t place undue reliance on ahead‐trying statements. Roscan undertakes no obligation to replace publicly or in any other case revise any ahead‐trying statements contained herein whether or not on account of new data or future occasions or in any other case, besides as could also be required by regulation.