Rock Edge Closes Private Placement
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Rock Edge Closes Private Placement
Vancouver, British Columbia, August 16, 2023: Rock Edge Resources Ltd. (the “Company” or
“Rock Edge”) (CSE: REDG) is pleased to announce that, further to its press release dated June 14,
2023 and June 23, 2023, it has closed the non-brokered private placement (the “Financing”). The
Company issued 2,200,000 units (the “ Units”) at a price of $0.0 5 per Unit for aggregate gross
proceeds of $110,000.
Each Unit will consist of one common share ( a “Share") along with one transferable share
purchase warrant of the Company (a "Warrant"). Each Warrant will enable the holder to acquire
an additional Share at a price of $0. 075 per Share for a period of 24 months from the date of
issuance.
Proceeds raised will be used to advance the Company’s Superb Lake Lithium Property and the
Maun and Terrier Lithium properties located in the Great Lakes region of northern Ontario’s
emerging premier lithium mineral district and for general working expenses.
There was one Insider’s participation for 200,000 Units and two Pro Group’s participation for
300,000 Units.
Finders’ fees of $8,800 in cash and 176,000 broker warrants (a “Brokers Warrant”) were paid to
arm’s length parties. Each Broker Warrant will enable the holder to acquire an additional Share
at a price of $0.075 per Share for a period of 24 months from the date of issuance.
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 also wishes to announce that Christian Timmins has resigned as a Director to pursue
other interests. We thank Mr. Timmins for his valuable contributions to the Company and wishes
him all the best in his future endeavors.
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 economically viable properties th at 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, stat ements with respect 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 terminol ogy such as "expects", "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, p erformance or achievements 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 Co mpany '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 rec lamation
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 reserves; 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 explora tion,
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 Compan y has attempted to 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 he reof and are qualified 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 inform ation contained herein
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 www.sedar.com for further information respecting the risks
affecting the Company and its business.