07:14:56 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Roscan Minerals Corp
Symbol ROS
Shares Issued 47,526,075
Close 2018-06-06 C$ 0.07
Market Cap C$ 3,326,825
Recent Sedar Documents

Roscan receives six-month extension to Dormaa earn in

2018-06-07 16:38 ET - News Release

Mr. Greg Isenor reports

DORMAA PROJECT OPTION AND JOINT VENTURE AGREEMENT PAYMENTS EXTENDED

The remaining payments to be made by Roscan Minerals Corp. to earn a 50-per-cent interest in the Dormaa project in Ghana pursuant to the option and joint venture agreement made with Pelangio Exploration Inc., have been extended by an additional six months. The extension was necessitated by the delay in commencing the drill program, which is currently under way. Exploration results will be released once received.

Roscan's remaining payments pursuant to the agreement are now as follows:

  • Finance $1.7-millionin exploration expenditures, as follows:
    • $700,000 by Dec. 5, 2018;
    • $1-million by Dec. 5, 2019.
  • Pay to Pelangion an aggregate of $150,000 as follows:
    • $50,000 on Dec. 5, 2018;
    • $100,000 on Dec. 5, 2019.

About Roscan Minerals Corp.

Roscan Minerals is a Canadian gold exploration company focused on West Africa. The company has assembled a significant land position of 100-per-cent-owned permits in an area of large gold deposits for its Kandiole project in west Mali. Roscan is also exploring the gold potential of the early-exploration-stage Dormaa project in Ghana, in which Roscan can earn a 50-per-cent interest through an option agreement with Pelangio Exploration.

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