04:48:10 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Rover Metals Corp (2)
Symbol ROVR
Shares Issued 51,142,212
Close 2023-08-30 C$ 0.045
Market Cap C$ 2,301,400
Recent Sedar Documents

Rover Metals closes $120,000 final tranche of financing

2023-09-05 16:03 ET - News Release

Mr. Judson Culter reports

ROVER METALS CLOSES $0.08 UNIT FINANCING

Further to its releases of July 20, 2023, and June 23, 2023, Rover Metals Corp. has received additional orders of $120,000 for its eight-cent unit financing. The Company has received approval from the Toronto Venture Exchange (the "TSXV") to close the third and final tranche of its unit financing for gross proceeds of $120,000 (the "Third Closing"). The Company will issue 1,500,000 common shares and 1,500,000 warrants. The shares and warrants issued under the Third Closing will bear the minimum four-month regulatory hold period from the date of issuance.

The Company has raised a total of $797,000 under all closings of this financing, resulting in the issuance of 9,962,500 common shares and 9,962,500 common share purchase warrants. The warrants have a useful life of 30 months and an exercise price of $0.12. Finder's fees in the amount of $36,200 and 452,500 finder's warrants were paid in connection with this financing. The finder's warrants bear the same terms as the unit warrants. The financing was led by experienced lithium investors from Europe and Australia.

Use of Proceeds

The proceeds from the Third Closing will be used for general and administrative expenses. Due to the wildfires and evacuation orders that remain in place, in and around the Yellowknife area, management of the Company is putting exploration plans for its IML Zinc-Copper project on hold until 2024.

About Rover Metals

Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. The Company has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical mineral projects include lithium, zinc, and copper. Its precious metals projects include gold and silver. The Company is exclusive to the mining jurisdictions of the U.S. and Canada.

We seek Safe Harbor.

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