Roughrider Closes Private Placement

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[{"type":"text","content":"Roughrider Closes Private PlacementVANCOUVER, BC / ACCESSWIRE / December 21, 2017 / Roughrider Exploration Limited (TSX-V: REL) (\"Roughrider\" or the \"Company\") - is pleased to announce it has closed its previously announced non-brokered private placement (the \"Private Placement\"). In connection with this closing, the Company issued an aggregate of 3,333,000 flow-through units (the \"FT Units\") at a price of $0.06 per FT Unit for aggregate proceeds of $199,980 and an aggregate of 600,000 non-flow-through units (the \"Non-FT Units\") at a price of $0.05 per Non-FT Unit for aggregate proceeds of $30,000. The Company also issued an aggregate of 4,000,000 common shares at a price of $0.05 per share for gross proceeds of $200,000.\nThe FT Units consist of one flow-through common share and one half of one share purchase warrant (a \"Warrant\"). Each whole Warrant entitles the holder to purchase one non-flow-through common share at a price of $0.10 per common share until December 21, 2019.\nThe Non-FT Units consist of one flow-through common share and one share purchase warrant (a \"Warrant\"). Each whole Warrant entitles the holder to purchase one non-flow-through common share at a price of $0.10 per common share until December 21, 2019.\nThe Company paid aggregate cash finders' fees of $14,348.60 and issued 243,810 finders' warrants in connection with the Private Placement]. Accilent Capital Management Inc. received aggregate finder's fees of $11,900 and 203,000 finders warrants. Each finder's warrant entitles the holder to acquire one common share of the Company at a price $0.10 per share for two years from the date of closing.\nThe proceeds of the Private Placement will be used for general working capital purposes, further work on Roughrider's Genesis uranium project and evaluation and potential acquisition of other exploration projects.\nAll the securities issued under the Private Placement are subject to a hold period expiring four months and one day from the date of issuance.\nScott Gibson, the President of the Company acquired, directly and indirectly, 3,100,000 common shares and nil Warrants pursuant to the Private Placement. Prior to the Private Placement, Mr. Gibson owned directly, or had control and direction over 4,037,000 common shares, representing 10.31% of the outstanding shares of the Company and 1,027,500 share...

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