Rogue Resources Closes Private Placement
March 21 2014 - 4:42PM
Marketwired
Rogue Resources Closes Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 21, 2014) -
Rogue Resources Inc. (TSX-VENTURE:RRS) ("Rogue" or the "Company")
announces that, subject to regulatory approval, it has closed its
previously announced non-brokered private placement financing (the
"Offering").
The Company issued a total of 2,000,000 flow through units (the
"FT Units") and 4,757,500 non-flow through units (the "NFT Units")
for a total of 6,757,500 units and gross proceeds of $580,600. All
shares were subject to a statutory four month hold period.
The Offering consisted of FT Units and NFT Units on a best
efforts basis at a price of $0.10 per National FT Unit or Quebec FT
Unit and $0.08 per NFT Unit. Each Quebec or National FT Unit
consisted of one flow through common share and one-half of one
non-transferable warrant. Each NFT Unit consisted of one common
share and one non-transferable common share purchase warrant. Each
whole warrant entitled the holder to purchase one common share at
an exercise price of $0.12 for 24 months following completion of
the Offering.
Total finder's fees in the amount of $26,992 and 302,400
compensation warrants were paid in respect of these funds.
The proceeds from the issuance of the FT Shares will qualify as
Canadian and/or Quebec exploration expenses which will be renounced
to investors no later than December 31, 2014. The Company intends
to use the net proceeds of the Offering primarily for expenditures
on the Company's East-West Gold property and for general working
capital.
ON BEHALF OF THE BOARD OF DIRECTORS
John de Jong, CEO & President
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 news release.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of any
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful. The securities have not been and will not
be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or the securities laws of any
state of the United States and may not be offered or sold within
the United States or to, or for the account or the benefit of, any
person in the United States unless registered under the U.S.
Securities Act and applicable state securities laws or pursuant to
an exemption from such registration requirements.
Cautionary Note Regarding Forward Looking Statements:
Certain disclosure in this release, including statements
regarding the use of the proceeds from the private placement,
constitute forward-looking statements. In making the
forward-looking statements in this release, the Company has applied
certain factors and assumptions that are based on the Company's
current beliefs as well as assumptions made by and information
currently available to the Company, including that the Company is
able to obtain any government or other regulatory approvals
required to complete the private placement and the Company's
planned and ongoing exploration activities, that the Company is
able to complete the private placement, that the Company is able to
procure personnel, equipment and supplies required for its
exploration activities in sufficient quantities and on a timely
basis and that actual results of exploration activities are
consistent with management's expectations. Although the Company
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect, and the
forward-looking statements in this release are subject to numerous
risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in
such forward-looking statements. Such risk factors include, among
others, that the private placement will not be completed, that
actual results of the Company's exploration activities will be
different than those expected by management and that the Company
will be unable to obtain or will experience delays in obtaining any
required government approvals or be unable to procure required
equipment and supplies in sufficient quantities and on a timely
basis. Readers are cautioned not to place undue reliance on
forward-looking statements. The Company does not intend, and
expressly disclaims any intention or obligation to, update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
law.
Rogue Resources Inc.John de JongCEO/President(604)
629-1808john@rogueresources.cawww.rogueresources.ca
Rogue Resources (TSXV:RRS)
Historical Stock Chart
From Oct 2024 to Nov 2024
Rogue Resources (TSXV:RRS)
Historical Stock Chart
From Nov 2023 to Nov 2024