Roughrider Provides Update on Golden Triangle Property Acquisition and Financing
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE
A VIOLATION OF U.S. SECURITIES LAWS.
NEWS RELEASE
Roughrider Provides Update on Golden Triangle Property Acquisition and Financing
Vancouver, BC, February 13, 2020 -- Roughrider Exploration Limited (TSX-V: REL) ("Roughrider" or the “Company”)
today provided an update, confirm ing that it is progressing with the acquisition of a 100% interest in the Gin,
Eldorado and Bonanza properties located adjacent to Newcrest Mining and Imperial Metals Red Chris Mine in the
Golden Triangle Area of northwest B.C. (collectively the “Red Chris Area Properties” or the “Properties”) previously
announced on November 8, 2019 (the “ Transaction”). As previously disclosed, pursuant to the Transaction,
Roughrider will acquire the Red Chris Area Properties for aggregate consideration of 11,000,000 Roughrider shares.
Closing of the Transaction remains subject to a number of conditions including receipt of final TSX Venture Exchange
(“TSXV”) approval following submission by the Company of all supporting materials required under TSXV Policies.
In connection with the closing of the Transaction, the Company is pleased to announce that it is increasing its
announced concurrent private placement to include up to 7, 625,000 common shares at a price of $0.10 per share
for aggregate proceeds of up to $762,500.
Subject to the approval of the TSXV, finders’ fees may be paid in respect of subscriptions by certain arm’s length
subscribers. The proceeds of the Private Placement will be used for general working capital purposes and to facilitate
the closing of the Transaction.
For further information, please contact:
Scott Gibson
Chief Executive Officer
Roughrider Exploration Limited
625 Howe Street, Suite 420
Vancouver, B.C. V6C 2T6, Canada
P: 604-697‐0028
Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance
where applicable . T he transaction cannot close until the required TSXV approval is obtained. There can be no
assurance that the transaction will be completed as proposed or at all. Trading in the securities of the Company
should be considered highly speculative.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any information regarding the proposed Tran saction,
private placement, board and management changes, as to our strategy, projects, plans or future financial or operating performance, constitutes
"forward-looking statements." All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-
looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by the co mpany, are
inherently subject to significant business, economic, geological and competitiv e uncertainties and contingencies. Although the Company believes
the expectations expressed in such forward -looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance. Known and unknown factors could ca use actual results to differ materially from those projected in the forward -looking
statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability
of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of
property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can af fect our actual
results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf
of, us. Readers are cautioned that forward -looking statements are not guarantees of future perf ormance and, therefore, readers are advised to
rely on their own evaluation of such uncertainties. All of the forward -looking statements made in this press release, or incorporated by reference,
are qualified by these cautionary statements. We do not assum e any obligation to update any forward -looking statements.
UNITED STATES ADVISORY
The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), have bee n offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S.
Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U. S. Person (as such term is
defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securitie s Act, or an exemption
from the registration requirements of the U.S. Securities Act is available. Hedging transacti ons involving the securities must not be conducted
unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitati on of an offer to buy any
securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.