13:06:56 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Roscan Gold Corp
Symbol ROS
Shares Issued 240,449,456
Close 2020-07-23 C$ 0.45
Market Cap C$ 108,202,255
Recent Sedar Documents

Roscan Gold receives $3.38M from warrant exercise

2020-07-23 07:29 ET - News Release

Mr. Greg Isenor reports

ROSCAN GOLD RECEIVES ADDITIONAL $3,382,665 FROM WARRANTS EXERCISED

Further to Roscan Gold Corp.'s news release of April 24, 2020, the company has received additional proceeds of $3,382,665 from the exercise of an additional 20,729,185 warrants.

During 2020, the company has received total proceeds of $5,986,663 from the exercise of warrants. An additional 56.7 million warrants that are in the money remain outstanding, which, if exercised, would result in the company receiving an additional $10.6-million at an average price of approximately 19 cents. Of the 56.7 million remaining warrants over 32 million are held by six of the company's largest and most supportive shareholders.

The use of proceeds will be to finance the company's exploration program on its highly prospective project in west Mali.

Nana Sangmuah, president and chief executive officer, stated: "This is very encouraging and clearly highlights Roscan's well-financed exploration drill program for 2020 and 2021, which should generate ample news flow. The remaining warrants will potentially provide additional funds to maintain our accelerated exploration program over our 20 km prospective trend. We look forward to providing additional updates and reporting results from our exploration activities in the coming weeks and months."

About Roscan Gold Corp.

Roscan Gold is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa.

We seek Safe Harbor.

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