Business
Roughrider Announces Closing of its $1.8 Million Financing
Roughrider Announces Closing of its $1.8 Million Financing Canada NewsWire VANCO...
About this update from Coast Copper Corp
[{"type":"text","content":"\n\n\n\nRoughrider Announces Closing of its $1.8 Million Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, July 31, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\nTSX.V: REL\n VANCOUVER, BC, July 31, 2020 /CNW/ - Roughrider Exploration Limited (TSXV: REL) (\"Roughrider\" or the \"Company\") is pleased to announce that it has completed its previously announced non-brokered private placement (see news releases dated July 14, 2020 and July 17, 2020), issuing 9,000,000 units (the \"Units\") at an issue price of $0.20 per Unit for gross proceeds of $1,800,000 (the \"Offering\"). On July 14, 2020, the Company announced the undertaking of a private placement of up to $1,000,000 but due to very strong investor demand, the Company promptly increased this to $1,800,000.\nEach Unit will consist of one common share in the capital of the Company and one-half of one non-transferable common share purchase warrant, with each whole warrant entitling the holder to acquire an additional common share of the Company at an exercise price of $0.30 per share with an expiry date (\"Expiry Date\") of 24 months after completion of the Offering (the \"Closing Date\"). If, at any time after the Closing Date, the volume weighted average trading price of the Company's common shares on the TSX Venture Exchange (the \"Exchange\"), or other principal exchange on which the common shares are listed, is greater than $0.40 for 10 consecutive trading days, the Company may, at its option, deliver a notice to the holders of the warrants accelerating the Expiry Date to the date that is 30 days following the date of such notice (the \"Accelerated Exercise Period\"). Concurrent with the giving of such notice, the Company will also issue a press release disclosing the Accelerated Exercise Period. Any unexercised warrants shall automatically expire at the end of the Accelerated Exercise Period.\nFinders acting in connection with the Offering received aggregate cash f...