Roughrider Fulfills Contract Obligation; Issues Shares to Kivalliq

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[{"type":"text","content":"Roughrider Fulfills Contract Obligation; Issues Shares to KivalliqVANCOUVER, BC / ACCESSWIRE / September 12, 2016 / Roughrider Exploration Limited (TSX-V: REL) (\"Roughrider\") today announced that on August 30, 2016, in a private transaction, it issued 1,969,828 common shares of Roughrider to Kivalliq Energy Corporation. With completion of this transaction, Roughrider now has less than $400,000 in exploration expenditures remaining to complete by August 31, 2017 before earning the initial 50% interest in the Genesis uranium property in northern Saskatchewan.\nThe 1,969,828 common shares were issued to Kivalliq pursuant to the Mining Option Agreement dated July 10, 2014, and the amendment to the Mining Option Agreement announced December 22, 2015, between Roughrider and Kivalliq related to the Genesis Property. The transaction represents approximately 7.54% of the issued and outstanding common shares of Roughrider. As a result, Kivalliq now has ownership of and control over 3,939,656 common shares of Roughrider, representing approximately 15.08% of Roughrider's issued and outstanding shares. \nAbout Roughrider Exploration Limited\nRoughrider's focus is exploring the 200,909 hectare (495,883 acre) Genesis uranium project located in the Wollaston-Mudjatik geological trend extending northeast from Saskatchewan's Athabasca Basin. Roughrider has the option to earn an 85% interest in Genesis from Kivalliq Energy Corporation. \nFor further information, please contact:\nScott Gibson\nChief Executive Officer\n604 697‐0028\nNeither 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.\nCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION\nCertain information contained or incorporated by reference in this press release, including any information 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 com...

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