Business
Roscan Gold Announces Closing of Final Tranche of Non-Brokered Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES TORO...
About this update from Roscan Gold Corporation
[{"type":"text","content":"Roscan Gold Announces Closing of Final Tranche of Non-Brokered Private PlacementNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICESTORONTO, ON / ACCESSWIRE / May 15, 2023 / Roscan Gold Corporation (\"Roscan\" or the \"Company\") (TSXV:ROS)(FSE:2OJ)(OTCQB:RCGCF) announces that, further to its press releases of March 31, 2023 and May 10, 2023, the Company has closed the final tranche of its non-brokered private placement through the issuance of 6,625,000 common shares (the \"Common Shares\") in the capital of the Company at a price of $0.20 per Common Share for gross proceeds of $1,325,000 (the \"Offering\"). All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Gross proceeds of the Offering will be used for exploration and development of the Company's Kandiole Project and for working capital and general corporate purposes.This news release does not constitute an offer to sell or a solicitation of an offer to buy 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 registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About RoscanRoscan Gold Corporation is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold's Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in West Mali.For further information, please contact:Nana SangmuahPresident & CEOTel: (902) 832-5555Email: [email protected] Looking StatementsThis news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as \"plan\", \"expect\", \"project\", \"intend\", \"believe\", \"anticipate\", \"estima...