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Roscan Minerals Corp
Symbol C : ROS.H
Shares Issued 31,966,075
Close 2013-01-24 C$ 0.025
Recent Sedar Documents

Roscan arranges $90,000 private placement

2013-01-25 19:43 ET - News Release

Mr. Don Whalen reports

ROSCAN MINERALS CORPORATION ANNOUNCES PROPOSED PRIVATE PLACEMENT

Roscan Minerals Corp. intends to complete a non-brokered private placement of up to 1.8 million units at a price of five cents per unit for aggregate subscription proceeds of up to $90,000. Each unit will be composed of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at a price of 10 cents for a period of five years from the date of issuance. The financing is subject to regulatory approval, including approval from the TSX Venture Exchange.

Certain non-arm's-length subscribers will participate in the private placement on the same terms as other participants, and the shareholdings of these individuals will increase as a result of their participation. Proceeds from the financing will be used for general working capital purposes.

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