Roscan Arranges $3,000,000 Marketed Private Placement
June 14 2018 - 12:07PM
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN
CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
RosCan Minerals Corporation
(“RosCan” or the “Company”) (TSX-V:ROS) is pleased to
announce that it has entered into an agreement with Clarus
Securities Inc. (the “
Agent”), whereby the Agent
will act on behalf of the Company to raise, on a “best efforts”
agency basis, up to C$3,000,000 (the “
Offering”)
of units of the Company (the “
Units”), to be
priced at C$0.06 per Unit. Each Unit is comprised of one common
share in the capital of the Company (“
Common
Share”) and one Common Share purchase warrant
(“
Warrant”), with each Warrant entitling the
holder to purchase one Common Share at an exercise price of $0.12
for 24 months following the closing of the Offering.
The net proceeds of the Offering will be used by
the Company for exploration and development of the Company’s
mineral properties and for general corporate purposes.
The Offering is scheduled to close on or about July 5, 2018 and
is subject to certain conditions including, but not limited to, the
receipt of all necessary approvals of the TSX Venture Exchange. The
securities to be issued under this Offering will be offered by way
of private placement exemptions in all the provinces of Canada. The
Units to be issued under this Offering will also be offered
offshore, including in the United Kingdom pursuant to applicable
exemptions and in the United States on a private placement basis
pursuant to exemptions from the registration requirements of the
United States Securities Act of 1933, as amended.
The securities referred to in this news release have not been,
nor will they be, registered under the United States Securities Act
of 1933, as amended, and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons
absent U.S. registration or an applicable exemption from the U.S.
registration requirements. This release does not constitute an
offer for sale of, nor a solicitation for offers to buy, any
securities in the United States. Any public offering of securities
in the United States must be made by means of a prospectus
containing detailed information about the issuer and its
management, as well as financial statements.
ABOUT ROSCAN RosCan Minerals
Corporation is a Canadian gold exploration company focussed on West
Africa. The Company has assembled a significant land position of
100%-owned permits in an area of large gold deposits for its
Kandiole Project in west Mali. RosCan is also exploring the gold
potential of the early exploration stage Dormaa Project in Ghana,
in which RosCan can earn a 50% interest through an option agreement
with Pelangio Exploration Inc.
For further information, please
contact:Greg IsenorPresident and Chief Executive
OfficerTel: (902) 832-5555 or (416) 293-8437Email:
info@roscan.ca
Forward Looking Statements
This news release contains forward-looking
information which is not comprised of historical facts.
Forward-looking information is characterized by words such as
“plan”, “expect”, “project”, “intend”, “believe”, “anticipate”,
“estimate” and other similar words, or statements that certain
events or conditions “may” or “will” occur. Forward-looking
information involves risks, uncertainties and other factors that
could cause actual events, results, and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to, changes in the state of equity and debt markets,
fluctuations in commodity prices, delays in obtaining required
regulatory or governmental approvals, and other risks involved in
the mineral exploration and development industry, including those
risks set out in the Company’s management’s discussion and analysis
as filed under the Company’s profile at www.sedar.com.
Forward-looking information in this news release is based on the
opinions and assumptions of management considered reasonable as of
the date hereof, including that all necessary governmental and
regulatory approvals will be received as and when expected.
Although the Company believes that the assumptions and factors used
in preparing the forward-looking information in this news release
are reasonable, undue reliance should not be placed on such
information. The Company disclaims any intention or obligation to
update or revise any forward-looking information, other than as
required by applicable securities laws.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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