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Rogue Update: Appoints new CFO, Landscape Stone Sales continue through February and March
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES Experienc...
About this update from Clean Energy Transition Inc.
[{"type":"text","content":"Rogue Update: Appoints new CFO, Landscape Stone Sales continue through February and MarchNOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICESExperienced public company CFO joins Rogue management teamIn February-March Rogue Stone sold 3,313 tons realizing an average price of $74/tonAverage value of limestone sold rises as expected with increased demand for higher value productsTORONTO, ON / ACCESSWIRE / April 12, 2021 / Rogue Resources Inc. (TSX-V:RRS) (\"Rogue\" or the \"Company\") is pleased to announce the appointment of Mr. Travis Gingras as Chief Financial Officer (\"CFO\") of the Company. Mr. Gingras will replace Sean Samson, who has recently acted as Interim CFO.Travis Gingras is a CPA, CMA and holds an MBA. He has more than twenty years of experience in finance, strategic planning, project management, accounting policy and financial reporting. Travis previously held CFO and executive level positions in a number of publicly traded exploration and mining companies including as CFO of Integra Gold Corp (formerly TSXV:ICG, purchased by Eldorado Gold in 2017).\"It's great to welcome Travis as CFO\", said Sean Samson, President and CEO of Rogue. \"Travis has a proven track record of sound leadership and financial expertise with public companies and we look forward to him joining the team.\"Rogue Stone - February and March UpdateQuarry Operations at the Orillia Quarry have continued through the winter and early spring with strong demand for Rogue's limestone products. During the months of February and March, the Company sold a total of 3,313 tons of limestone for gross revenue of $244,235 and are in line with the sales expectations following the closing of the 3rd quarter on January 31, 2021. Rogue Stone also observed the expected increase in the value of the limestone sold as the demand for the higher value limestone products, including steps, wall stone and flagstone, begins to pick up with the arrival of spring and the warmer weather.PeriodTonsAverage Realized Revenue per ton soldAverage Cost of Goods (\"COGS\") per ton soldQ3-2021November 2020 - January 20216,914$70$37February - March3,313$74To be announced with Q4-2021 results\"As we approach our first full year of operations with both quarries, we are pleased to see that the demand and sales of limestone are continuing to meet or exceed expectations...