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Rover Metals announces intent to acquire the Toquima precious metals property and repricing of private placement
Rover Metals announces intent to acquire the Toquima precious metals property and repricin...
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[{"type":"text","content":"\n\n\n\nRover Metals announces intent to acquire the Toquima precious metals property and repricing of private placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, April 10, 2019\n\n\n\nVANCOUVER, April 10, 2019 /CNW/ - Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (\"Rover Metals\" or the \"Company\") is pleased to announce that it has entered into a non-binding letter of intent dated April 10, 2019 to acquire (the \"Transaction\") all of the issued and outstanding shares of  Centennial Mining, an arm's length Nevada corporation, from a  private US-based entity (the \"Vendor\") in consideration of the issuance to the shareholders of the Vendor of 40,000,000 common shares in the capital of Rover Metals (the \"Consideration Shares\").  The Consideration Shares will be distributed to the shareholders of the Vendor, resulting in no single person holding more than 9.79% of the issued and outstanding common shares of the Company following the completion of the Transaction (post Transaction individual ownership does not give consideration to the number of shares to be issued in connection with the Company's current private placement financing disclosed below).  \nCentennial Mining owns, among other things, a 100% interest in the Toquima precious metals property (the \"Toquima Property\") located in Corcoran Canyon, Nevada, USA.\nCompletion of the Transaction is subject to a number of conditions. Such conditions include the execution of a definitive agreement; completion of satisfactory due diligence; receipt of requisite shareholder and director approvals, as applicable; and receipt of all required regulatory, corporate and third party approvals, including the approval of the TSX Venture Exchange (the \"TSXV\") as the proposed Transaction may be a \"Reviewable Transaction\" under TSXV Policy 5.3 - Acquisitions and Dispositions on Non-Cash Assets. As a result of such conditions, there can be no assurance that the Transaction will be completed as proposed or at all \nThe Consideration Shares issuable on closing of...