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Rover Metals provides update on intent to acquire the Toquima precious metals property, Nevada, USA, and concurrent private placement financing
Rover Metals provides update on intent to acquire the Toquima precious metals property, Ne...
About this update from Stockworks Gold Inc.
[{"type":"text","content":"\n\n\n\nRover Metals provides update on intent to acquire the Toquima precious metals property, Nevada, USA, and concurrent private placement financing\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, Aug. 19, 2019\n\n\n\nVANCOUVER, Aug. 19, 2019 /CNW/ - Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (\"Rover Metals\" or the \"Company\") is pleased to announce that further to its April 10, 2019 and June 26, 2019 news releases, it continues to make progress on its acquisition of the Toquima precious metals property (the \"Transaction\"). Rover Metals has now filed and received approval for the Transaction from the TSX Venture Exchange (the \"TSXV\"), subject to raising the minimum financing requirement (see below) and completion of a definitive acquisition agreement. \nJudson Culter, CEO at Rover Metals, states: \"The Toquima Property brings Rover Metals a lower cost per meter precious metals exploration project in the mining friendly jurisdiction of central Nevada. The Toquima Property is available for year-round exploration. A 3D video rendering of the historical silver-gold resource (discussed below) can be viewed at the following link.\" \nTrading in the Company's common shares remains halted on the TSXV. The halt is expected to continue pending the completion of the private placement for minimum proceeds of at least $800,000.\nThis is an updating press release. The Company plans to issue a further press release once it has completed the pending conditions and provide the information prescribed by applicable policies of the TSXV related to the Transaction.\nPrivate Placement\nFurther to its April 10, 2019 and June 26, 2019 news releases, the Company continues to seek to raise an aggregate of up to $1.25 million through the issuance of up to 20,833,333 units of the Company (each a \"Unit\") at a price of $0.06 per Unit.  Each Unit will be comprised of one common share in the capital of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\").  Each Warrant will entitle the holder to acquire one a...