03:01:05 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Rover Metals Corp (2)
Symbol ROVR
Shares Issued 46,179,712
Close 2023-07-19 C$ 0.065
Market Cap C$ 3,001,681
Recent Sedar Documents

Rover Metals closes $177,000 second tranche financing

2023-07-20 15:44 ET - News Release

Mr. Judson Culter reports

ROVER METALS ARRANGES SECOND CLOSING OF $0.08 UNIT FINANCING

Further to Rover Metals Corp.'s release of June 23, 2023, Rover has received additional orders of $177,000 for its eight-cent unit financing. The company has received approval from the TSX Venture Exchange to close the second tranche of the unit financing for gross proceeds of $177,000. The company will issue 2,212,500 common shares and 2,212,500 warrants. Finders' commissions are being paid in connection with the second closing in the amount of cash commissions of $6,200 and finders' warrants of 77,500. The finders' warrants will have an exercise price of 12 cents and a useful life of 2.5 years. The shares and warrants issued under the second closing will bear the minimum four-month regulatory hold period from the date of issuance. The company has now raised a total of $677,000 under the first two closings of its financing.

The financing has been led by experienced lithium investors from Europe and Australia.

An updating release will be provided once the company has completed any future closings of the unit financing, including receipt of final acceptance from the TSX-V for the financing.

Use of proceeds

The proceeds from the second closing will be used for general and administrative expenses.

About Rover Metals Corp.

Rover is a publicly traded junior mining company that trades on the TSX-V under symbol ROVR, on the OTCQB under symbol ROVMF and on the Frankfurt Stock Exchange under symbol 4XO. Rover is currently focused on the development of a claystone lithium project in southwest Nevada, United States. Plans for 2023 include a reverse circulation drill program at the Let's Go lithium project.

We seek Safe Harbor.

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