04:08:31 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Roughrider Exploration Ltd
Symbol REL
Shares Issued 23,043,782
Close 2016-01-21 C$ 0.055
Market Cap C$ 1,267,408
Recent Sedar Documents

Lundin says hold Roughrider Exploration

2016-02-11 21:00 ET - In the News

Brien Lundin, in the February, 2016, edition of the Gold Newsletter, says hold Roughrider Exploration Ltd., recently six cents. Mr. Lundin said buy twice in September, 2014, at 25 cents and in March, 2015, at 15 cents. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $639. Roughrider has amended its option agreement with Kivalliq Energy Corp. for the Genesis project. The property is located in the Athabasca basin in Saskatchewan and hosts several highly prospective uranium targets. Roughrider has bought itself more time to execute its exploration expenditure commitments and has agreed to pay Kivalliq $400,000 for the amended deal. Roughrider will still need to issue 1.96 million shares to Kivalliq by Aug. 31, 2016, but, under the new terms, its phase 1 expenditure commitment has been reduced by $400,000 and extended by a year to Aug. 31, 2017. Roughrider can earn an 85-per-cent interest in Genesis if it meets other work program requirements by Aug. 31, 2019. Hold for now.

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