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Roscan Gold Announces Fully Subscribed C$1.5 Million Note Financing Led by Strategic Investor and Board Director Michael Gentile
Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Roscan Gold Corporation (TSXV: ROS...
About this update from Roscan Gold Corporation
[{"type":"text","content":"Roscan Gold Announces Fully Subscribed C$1.5 Million Note Financing Led by Strategic Investor and Board Director Michael GentileToronto, Ontario--(Newsfile Corp. - December 18, 2025) - Roscan Gold Corporation (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF) (\"Roscan\" or the \"Company\") today announced that the Company has entered into a binding term sheet for a fully subscribed financing of C$1.5 Million through the private placement (the \"Private Placement\") of a secured convertible note (the \"Secured Convertible Note\" or the \"Note\") of the Company with a group of investors (the \"Note Holders\"). The Notes will carry a 12% coupon over a one (1) year term with a conversion price of C$0.15 per Roscan Gold's Common Shares. Certain management and directors have committed to participate in the Private Placement for a total of C$1.5 Million, including Board of Director and investor Michael Gentile with C$700,000.The Note will be convertible, in whole or in part, at the option of the Note Holder into common shares of the Corporation (\"Common Shares\") at any time prior to the close of business on the earlier of: (a) the business day prior to the Maturity Date; and (b) the business day prior to any date set for the redemption or repurchase of the Note in accordance with their terms. The Note Holder shall receive accrued and unpaid interest on the Note, paid in cash, up to, but excluding, the date of conversion. Gross proceeds from the Private Placement will be used for general working capital purposes. Nana Sangmuah, President & CEO of Roscan Gold stated, \"We are pleased to have this financing in place as we approach the final phase of our permitting process. Roscan is on the cusp of transitioning from an explorer to a developer, a milestone that should support a meaningful re-rating.\"The Offering is subject to customary closing conditions and approvals of applicable securities regulatory authorities, including the TSX Venture Exchange. The grant of security shall also be subject to approval of Osisko Gold Royalties Ltd. All securities issued in connection with the Private Placement 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.About Roscan Roscan Gold Corporation is a Canadian gold exploration company focused on the ex...