RooGold Inc. Closes Definitive Agreement with RooGold Ltd.
Suite 615 – 800 West Pender Street, Vancouver, BC V6C 2V6
ROOGOLD INC. CLOSES DEFINITIVE AGREEMENT WITH ROOGOLD
LTD.
VANCOUVER, BC – January 26, 2021 – (CSE: ROO) (OTC: JNCC F) (Frankfurt: 5VHA) –
Further to the August 30, 2021 news release, RooGold Inc. (“ RooGold” or the “Issuer ”) and
1267248 B.C. Ltd. (formerly RooGold, “Roo Private Co.” ) are pleased to announce that New
South Wales ministerial approval of the indirect change in control of Roo Private Co.’s wholly-
owned subsidiary, Great Southern Precious Metals Pty Ltd. (the “Subsidiary”), has been received
and the parties have now closed the Definitive Agreement in which RooGold has acquired Roo
Private Co. and its Subsidiary, which holds 100% interests in nine (9) past producing and
exploratory properties (the "Properties") in New South Wales (NSW).
The Properties being acquired have hosted historical high- grade gold and silver production, but
have limited exploration work conducted on them recently . The Properties provide diversity in
terms of the deposit types and are controlled by renowned regional structures and contacts. One of
these structures is the well -recognized Peel -Manning fault system. The Properties have had a
combined total of 93 historic precious metals mines and prospects. Highly lucrative production
grades of up to 384 g/t Au and 1,200 g/t Ag have been recorded on these historical mines. The
Properties represent a very unique proposition: they possess a rare combination of having large
exploration potential along with strong indications pointing towards the presence of high- grade
mineralization through the significant historical mines and prospects.
The Company issued twenty million (20,000,000) common shares (the "Purchase Shares") to the
shareholders ("Shareholders") of Roo Private Co. in exchange for all of the issued and outstanding
shares of Roo Private Co . The Roo Private Co. Shareholders have entered into voluntary lockup
undertakings wherein the Purchase Shares, which are otherwise free-trading, will be released as to
25% on February 27, 2022, 25% on August 27, 2022, an additional 25% on February 27, 2023,
and the balance on August 27, 2023.
For further information please contact:
Ryan Bilodeau
(416) 910-1440
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securities law.
Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”,
“intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or
conditions “may” or “will” occur.
Suite 615 – 800 West Pender Street, Vancouver, BC V6C 2V6
Although the Issuer believes that the expectations reflected in applicable forward-looking statements are
reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking
statements are subject to risks and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in such statements.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
ACCEPTSRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.