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Roughrider Announces Closing of Golden Triangle Property Acquisition, Filing of Technical Report and Closing of Private Placement
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States. An...
About this update from Coast Copper Corp
[{"type":"text","content":"Roughrider Announces Closing of Golden Triangle Property Acquisition, Filing of Technical Report and Closing of Private PlacementNot for Distribution to U.S. Newswire Services or for Dissemination in the United States. Any Failure to Comply with this Restriction May Constitute a Violation of U.S. Securities Laws.VANCOUVER, BC / ACCESSWIRE / April 13, 2020 / Roughrider Exploration Limited (TSX-V:REL) (\"Roughrider\" or the \"Company\") is pleased to provide an update, confirming that it has closed its acquisition of a 100% interest in the Gin, Eldorado and Bonanza properties located adjacent to Newcrest Mining and Imperial Metals Red Chris Mine in the Golden Triangle Area of northwest B.C. (collectively the \"Red Chris Area Properties\" or the \"Properties\") previously announced on November 8, 2019 (the \"Transaction\"). As previously disclosed, pursuant to the Transaction, Roughrider has acquired the Red Chris Area Properties for aggregate consideration of 11,000,000 Roughrider shares.In connection with closing, Mr. Adam Travis and Dr. Fletcher Morgan have been appointed as Directors of the Company, and Mr. Travis has been appointed as Chief Executive Officer of the Company, replacing Mr. Scott Gibson, who will remain as a member of the Company's Board of Directors. Mr. Wayne Hewgill and Mr. Alex Heath have both resigned from the Company's board.Mr. Travis, Roughriders C.E.O comments \"We would like to thank Wayne and Alex for their service and commitment to the Company over the past several years, Scott for his stewardship as C.E.O and to also express our gratitude to our investors and contractors who enabled us to close this placement.\"Cazador Resources Ltd., a private company controlled by Mr. Travis, acquired 4,000,000 common shares pursuant to the Transaction. Prior to the Transaction, Mr. Travis owned directly, or had control and direction over 264,000 common shares, representing 13.44% of the outstanding shares of the Company. As a result of the acquisition of the securities described above, Mr. Travis now indirectly owns and/or controls in aggregate 4,264,000 common shares of the Company representing 13.44% of the post-closing issued and outstanding common shares of the Company.Mr. Rene Bernard acquired 4,000,000 common shares pursuant to the Transaction. Prior to the Transaction, Mr. Bernard did not own directly, or h...