Mr. Nana Sangmuah reports
ROSCAN GOLD ANNOUNCES $1,000,000 FULLY SUBSCRIBED NON-BROKERED PRIVATE PLACEMENT FINANCING
Roscan Gold Corp. has arranged a fully subscribed, non-brokered private placement financing for gross proceeds of up to $1-million through the issuance of up to 10 million common shares in the capital of the company at a price of 10 cents per common share.
Gross proceeds raised from the offering will be used for exploration and development of the Kandiole project and for working capital and general corporate purposes. The closing of the offering is subject to the receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange.
All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. No finder's fee is expected to be paid in connection with the offering.
About Roscan Gold Corp.
Roscan Gold 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 B2 Gold'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.
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