Rock Edge Closes Critical Minerals Flow-Through Private Placement
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Rock Edge Closes Critical Minerals Flow-Through Private Placement
Vancouver, British Columbia, August 08, 2023: Rock Edge Resources Ltd. (the “Company” or
“Rock Edge”) (CSE: REDG) announce that, further to its press release dated July 23, 2023, it has
closed the non-brokered Critical Minerals Flow Through private placement. The Company issued
2,100,000 Flow Through units (the “FT Units”) at a price of $0.0 5 per FT Unit for aggregate gross
proceeds of $105,000.
Each Critical Minerals FT Unit will include one flow -through share ("FT Share") that qualifies as a
Critical Minerals flow-through share under the Income Tax Act (Canada), along with a transferable
half non-flow-through share purchase warrant of the Company ("NFT Warrant"). Each whole NFT
Warrant will enable the holder to acquire an additional Share at a price of $0.10 per Share for a
period of 24 months from the date of issuance.
Proceeds raised will be used to advance the Company’s Superb L ake Lithium Property and the
Maun and Terrier Lithium properties located in the Great Lakes region of northern Ontario’s
emerging premier lithium mineral district.
The gross proceeds from the FT Units will be utilized for incurring "Canadian exploration
expenses" and "flow-through critical mineral mining expenditures" as defined in the Income Tax
Act (Canada).
Finders’ fees of $6,400 in cash and 128,000 broker warrants were paid to arm’s length parties.
Shares issued pursuant to the Financing will be subject to a four-month and one-day hold period
according to applicable securities laws of Canada.
The Company would also like to announce the extension of its non-brokered non-flow-through
private placement (“NFT Units”) press release on July 23, 2023 . The closing date has been
extended to August 18, 2023. All terms of the Offering remain unchanged, and the Offering
remains subject to the approval of the CSE.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
About Rock Edge Resources Ltd.
Rock Edge Resources Ltd. is focused on acquiring and exploring mineral property assets, with a
specific emphasis on the Northwestern Ontario Lithium belt and the province of Quebec. Its
objective is to locate, develop and bring to market economi cally viable properties that contain
critical minerals, base metals and precious metals. With the support of the Ontario government's
Critical Minerals Strategy, Rock Edge is poised to take advantage of the growing demand for these
essential minerals and contribute to the region's economic growth.
On Behalf of the Board of Directors
Charles Desjardins
Chief Executive Officer and Director
Phone #604-808-3156
Email: [email protected]
The Canadian Securities Exchange has neither approved nor disapproved the contents of this
news release and accepts no responsibility for the adequacy or accuracy hereof.
Forward Looking Statements
This news release contains "forward -looking statements" and "forward looking information" (as defined
under applicable securities laws), based on management's best estimates, assumptions, and current
expectations. Such statements include but are not limited to, statements with respe ct to the plans for
future exploration and development of the Company 's properties and the acquisition of additional
exploration projects. Generally, these forward -looking statements can be identified by the use of forward -
looking terminology such as "expe cts", "expected", "budgeted", "forecasts", "anticipates" "plans",
"anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective",
"prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could"
or "should" occur. These statements should not be read as guarantees of future performance or results.
Such statements involve known and unknown risks, uncertainties and other factors that may cause actual
results, performance or ach ievements to be materially different from those expressed or implied by such
statements, including but not limited to: risks related to the receipt of all necessary regulatory and third
party approvals for the proposed operations of the Company 's business and exploration activities, risks
related to the Company 's exploration properties; risks related to international operations; risks related to
general economic conditions, actual results of current exploration activities, unanticipated reclamation
expenses ; changes in project parameters as plans continue to be refined; fluctuations in prices of
commodities including lithium and gold; fluctuations in foreign currency exchange rates, increases in
market prices of mining consumables, possible variations in res erves; failure of plant, equipment or
processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on
insurance coverage and other risks of the mining industry; delays in the completion of exploration,
development or construction activities, changes in national and local government regulation of mining
operations, tax rules and regulations, and political and economic developments in jurisdictions in which
the Company operates. . Although the Company has attempted t o identify important factors that could
cause actual results to differ materially from those contained in forward -looking statements, there may be
other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. The forward -looking statements and forward -looking
information are made as of the date hereof and are qual ified in their entirety by this cautionary statement.
The Company disclaims any obligation to revise or update any such factors or to publicly announce the
result of any revisions to any forward -looking statements or forward -looking information contained h erein
to reflect future results, events or developments, except as require by law. Accordingly, readers should
not place undue reliance on forward -looking statements and information. Please refer to the Company's
most recent filings under its profile at ww w.sedar.com for further information respecting the risks
affecting the Company and its business.