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Rover Metals Corp. announces Non-Brokered Private Placement of up to CAD$1,250,000
Rover Metals Corp. announces Non-Brokered Private Placement of up to CAD$1,250,000 ...
About this update from Stockworks Gold Inc.
[{"type":"text","content":"\n\n\n\nRover Metals Corp. announces Non-Brokered Private Placement of up to CAD$1,250,000\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 4, 2019\n\n\n\nVANCOUVER, March 4, 2019 /CNW/ - Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (\"Rover Metals\" or the \"Company\") is pleased to announce its intention to complete a non-brokered private placement of units (the \"Units\") at a purchase price of $0.08 per Unit, for aggregate gross proceeds of up to CAD$1,250,000 (the \"Offering\"). Each Unit shall consist of one common share in the capital of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\").  Each Warrant shall entitle the holder to acquire an additional Common Share at a price of $0.15 per share for a period of 24 months following the date of issuance.\nRover Metals anticipates using 80% of the proceeds of the Offering to finance exploration activities at the Cabin Lake Gold Project and remaining use of proceeds for general and administrative expenses.\nThe Company may pay finder's fees in accordance with the policies of the TSX Venture Exchange in connection with the Offering.\nRover Metals anticipates relying, in part, on the exemption from the prospectus requirements provided in BC Instrument 45-534 – Exemption From Prospectus Requirement For Certain Trades to Existing Security Holders (the \"Existing Shareholder Exemption\").  The Company may also rely on other available prospectus exemptions.\nRover Metals has set March 1, 2019 as the record date for determining shareholders entitled to participate in the Offering in reliance on the Existing Shareholder Exemption. If the Offering is over-subscribed, Units will be allotted on a first come first served basis. Qualifying investors who wish to participate in the Offering should contact the Company using the contact information set forth below. It is anticipated that the Offering will close in one or more tranches commencing on or about March 15, 2019.\nAll securities issued under the Offerin...