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Roscan Gold Receives Additional $3,382,665 from Warrants Exercised
Toronto, Ontario--(Newsfile Corp. - July 23, 2020) -  Roscan Gold Corporation (TSXV: R...
About this update from Roscan Gold Corporation
[{"type":"text","content":"Roscan Gold Receives Additional $3,382,665 from Warrants ExercisedToronto, Ontario--(Newsfile Corp. - July 23, 2020) -  Roscan Gold Corporation (TSXV: ROS) (FSE: 2OJ) (\"Roscan\" or the \"Company\") is pleased to announce that, further to the Company's news release of April 24, 2020, the Company has received additional proceeds of $3,382,665 from the exercise of an additional 20,729,185 warrants. During 2020, the Company has received total proceeds of $5,986,663 from the exercise of warrants. An additional 56.7 million warrants that are in-the-money remain outstanding, which, if exercised, would result in the Company receiving an additional $10.6 million at an average price of approximately $0.19. Of the 56.7 million remaining warrants over 32 million are held by six of our largest and most supportive shareholders.The use of proceeds will be to fund the Company's exploration program on its highly prospective project in West Mali.Nana Sangmuah, President and CEO, stated, \"This is very encouraging and clearly highlights Roscan's well-financed exploration drill program for 2020 and 2021, which should generate ample news flow. The remaining warrants will potentially provide additional funds to maintain our accelerated exploration program over our 20km prospective trend. We look forward to providing additional updates and reporting results from our exploration activities in the coming weeks and months.\"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: Andrew J. RamcharanExecutive Vice President - Corporate Development and Investor RelationsTel: (416) 572-2295Email: [email protected] Greg IsenorExecutive Vice-ChairmanTel: (902) 832-5555Email: [email protected] Forward Looking Statements This 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\", ...