Roughrider Announces Non-Brokered Financing for up to $1M

About this update from Coast Copper Corp

[{"type":"text","content":"Roughrider Announces Non-Brokered Financing for up to $1MVANCOUVER, BC / ACCESSWIRE / July 14, 2020 / Roughrider Exploration Limited (TSXV:REL) (\"Roughrider\" or the \"Company\") announces it is undertaking a non-brokered private placement comprised of up to 5,000,000 units of the Company (the \"Units\") at an issue price of $0.20 per Unit for gross proceeds of up to $1,000,000 (the \"Offering\").Each 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.The Company may pay finders fees in accordance with the rules and policies of 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. Persons unless regist...

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