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Roughrider Closes First Tranche of Private Placement
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States. An...
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[{"type":"text","content":"Roughrider Closes First Tranche 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 / March 25, 2020 / Roughrider Exploration Limited (TSXV:REL) (\"Roughrider\" or the \"Company\") - is pleased to announce it has closed a first tranche of its previously announced non-brokered private placement (the \"Private Placement').In connection with this closing, the Company has issued an aggregate of 4,925,000 common shares (the \"Shares\") at a price of $0.10 per for proceeds of $492,500.The proceeds of the Private Placement will be used for the previously announced acquisition of a 100% interest in the Gin, Eldorado and Bonanza properties located in the Golden Triangle Area of northwest B.C. as well as for general working capital.In connection with the closing the Company paid aggregate finders fees of $10,860 in connection with the distribution of Shares to certain arm's length parties.All the securities issued under the Private Placement are subject to a hold period expiring four months and one day from the date of issuance.For further information, please contact: Scott GibsonChief Executive Officer604-697‐0028Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATIONCertain information contained or incorporated by reference in this press release, including any information regarding the proposed Transaction, private placement, board and management changes, as to our strategy, projects, plans or future financial or operating performance, constitutes \"forward-looking statements.\" All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by the company, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable...