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Roscan Gold Corporation Announces Upsizing of Previously Announced Marketed Offering to C$7.5 Million
TORONTO, May 05, 2020 (GLOBE NEWSWIRE) -- Roscan Gold Corporation (“Roscan” or the “Company”) (TSX-V: ROS; FSE:2OJ) is pleased to announce that due to investor
About this update from Roscan Gold Corporation
[{"type":"text","content":" TORONTO, May 05, 2020 (GLOBE NEWSWIRE) -- Roscan Gold Corporation (“Roscan” or the “Company”) (TSX-V: ROS; FSE:2OJ) is pleased to announce that due to investor demand in connection with its previously announced marketed private placement, the Company and a syndicate of agents led by Clarus Securities Inc. and Canaccord Genuity Corp. (the “Co-Lead Agents”) have agreed to increase the size of the previously announced offering to C$7,500,000 (the “Offering”) at a price of C$0.32 per Share (the “Offering Price”). The proceeds raised from the Offering will be used by the Company for exploration and development of the Company’s mineral properties and for general corporate and working capital purposes. The Offering is scheduled to close on or about May 27th, 2020, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange. The securities to be issued under this Offering will be offered by way of private placement exemptions in all the provinces of Canada. The Shares to be issued under this Offering will also be offered offshore, including in the United Kingdom pursuant to applicable exemptions and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the issuer and its management, as well as financial statements. About Roscan Roscan Gold Corporation is a Canadian gold exploration company focused on the acquisition and exploration 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 ...