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Rogue Announces Closing of Second and Final Tranche of Private Placement, Raising Aggregate Proceeds of $510,000
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES The second...
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[{"type":"text","content":"Rogue Announces Closing of Second and Final Tranche of Private Placement, Raising Aggregate Proceeds of $510,000NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICESThe second and final tranche of the Private Placement brings the total financing up to $510KTORONTO, ON / ACCESSWIRE / August 10, 2020 / Rogue Resources Inc. (TSXV:RRS) (\"Rogue\" or the \"Company\") announces that it has completed the second and final tranche (the \"Second Tranche\") of its non-brokered private placement (the \"Offering\") raising a total of $510,000 (see the April 27, 2020; May 27, 2020; June 11, 2020 and August 7, 2020 press releases).\"We are pleased with the continued interest from new and existing investors who are drawn to the fundamentals of the Rogue Stone business and the potential for the Rogue Resources portfolio more broadly\", said Sean Samson, President and CEO of Rogue.On May 27th,, 2020, the Company announced the closing of a first tranche of the Private Placement where the Company received aggregate gross proceeds of $161,940. $130,440 was received from the sale of Non-Flow-Through Units (the \"Unit Offering\") at a price of $0.06 per unit (\"Unit\") from the issuance of 2,174,000 Units. Each Unit consists of one common share (\"Common Share\") and one Common Share purchase warrant (each, a \"Warrant\") entitling the holder thereof to purchase one Common Share at an exercise price of $0.08 for a period of 36 months from the closing date $31,500 was also received from the sale of Flow-Through Units (the \"FT Unit Offering\") at a price of $0.07 per unit (\"FT Unit\") from the issuance of 450,000 FT Units. Each FT Unit consists of one flow-through Common Share and one Common Share purchase warrant (each, a \"Warrant\") entitling the holder thereof to purchase one Common Share at an exercise price of $0.08 for 36 months from the closing date.Today, the Company closed the second and final tranche of the private placement, receiving aggregate gross proceeds of $348,060. $301,060 was received from the sale of Non-Flow-Through Units (the \"Unit Offering\") at a price of $0.06 per unit (\"Unit\") from the issuance of 4,675,517 Units. Each Unit consists of one common share (\"Common Share\") and one Common Share purchase warrant (each, a \"Warrant\") entitling the holder thereof to purchase one Common Share at an exerc...