Mr. Nana Sangmuah reports
ROSCAN GOLD ANNOUNCES DEBT SETTLEMENT
Roscan Gold Corp. has settled an outstanding promissory note in the amount of $677,000 (U.S.) ($933,450 (Canadian) using a U.S.-dollar-to-Canadian-dollar exchange rate of $1.3788 (Canadian)) through the issuance of 10,371,667 common shares in the capital of the company at a price of nine cents per common share.
The vendor has agreed that it shall not, without the prior written consent of the company, sell, or otherwise dispose of, more than 150,000 common shares on any one trading day.
About Roscan Gold Corp.
Roscan is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa. The company has assembled a significant land position of 100-per-cent-owned permits in an area of producing gold mines (including B2Gold's Fekola mine, which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole project in western Mali.
We seek Safe Harbor.
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