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Roxmore Announces a C$30,000,000 Non-Brokered Private Placement to Advance the Converse Gold Project
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About this update from Roxmore Resources Inc.
[{"type":"text","content":"Roxmore Announces a C$30,000,000 Non-Brokered Private Placement to Advance the Converse Gold ProjectNot for distribution to United States newswire services or for release publication, distribution or dissemination, directly or indirectly, in whole or in part, in or into the United States. VANCOUVER, BC / ACCESS Newswire / February 17, 2026 / Roxmore Resources Inc. (formerly, Axcap Ventures Inc.) (TSX:RM)(OTCQX:GARLF) (\"Roxmore\" or the \"Company\") is pleased to announce a non-brokered private placement (the \"Offering\") of common shares of the Company (\"Common Shares\"), for aggregate gross proceeds of C$30,000,000. Pursuant to the Offering, the Company intends to issue an aggregate of 12,500,000 Common Shares at an issue price of C$2.40 per Common Share.\"This financing will be completed at a significant premium to the price of our recent financings and adds three leading cornerstone investors to our register. It is designed to provide us with a strong and durable capital foundation as we advance the Preliminary Economic Assessment at our flagship Converse Gold Project in Nevada, USA, which remains on track to be released in the second quarter of this year. Importantly, this financing allows us to accelerate the commencement of the Pre-feasibility Study (PFS) and start making commitments for key workstreams. The structure and scale of the offering reflect growing alignment with long-term investors who understand the development pathway at the Converse Gold Project. We are particularly encouraged by the addition of L1 Capital, a leading Australian investor,\" said John Dorward, Chief Executive Officer of the Company.The proceeds of the Offering will be used primarily to accelerate the advancement of the Converse Gold Project and general corporate purposes, as approved by management of the Company from time to time. Key items of the accelerated PFS work plan include:Committing to ~30,000 meters of core and RC drilling for resource infill and extension drilling;Re-assay program to enable the inclusion of silver grades in future, post-PEA, resource estimates;Initiate comprehensive base line studies and preliminary permitting activities;Hydrogeology and Geotechnical drilling; andFurther detailed metallurgical testwork to support later studies.The securities issued pursuant to the Offering are subject to a statutory hold period o...