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Roughrider Announces Increase of Private Placement Financing to $1.8 Million
Not for distribution to United States newswire services or for dissemination in the United S...
About this update from Coast Copper Corp
[{"type":"text","content":"Roughrider Announces Increase of Private Placement Financing to $1.8 MillionNot for distribution to United States newswire services or for dissemination in the United States.VANCOUVER, BC / ACCESSWIRE / July 17, 2020 / Roughrider Exploration Limited (TSXV:REL) (\"Roughrider\" or the \"Company\") is pleased to announce that due to strong investor demand, it has increased its previously announced non-brokered private placement (the \"Offering\") (see news release dated July 14, 2020) from 5,000,000 units of the Company at a price of $0.20 per unit (the \"Units\") for gross proceeds of $1,000,000 to up to 9,000,000 Units for gross proceeds of $1,800,000, Each Unit will consist of one common share of the Company and one-half of one 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 of 24 months from completion of the Offering. There is an accelerator provision which is the same as announced on July 14, 2020.Adam Travis, CEO and Director comments: \"We are pleased with the strong investor support that we have received, and I would like to thank our team and strong shareholder base. It is also a testament to the strength of our recent acquisition of the Empire Mine property. I would strongly encourage everyone to view our Empire Mine Property- Rediscovering the historical Empire and Benson Lake Mines presentation that is available on our website.\"The Company may pay finders fees in accordance with the rules and policies of the TSX Venture Exchange (the \"Exchange\"). The Offering remains subject to the approval of the Exchange. All securities issued in the Offering will be subject to a statutory hold period of four months and a day from the Closing Date of the Offering.The proceeds raised by the Company pursuant to the Offering will be used for working capital purposes and for exploration work on the Company's mineral properties.This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. 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 any state securities laws and may not be offered or sold within the United States or to U.S....