Correction from Source: Dormaa Project Option and Joint Venture Agreement Payments Extended
RosCan Minerals Corporation News Release June 7, 2018
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RosCan Minerals Corporation
365 Bay Street, Suite 400
Toronto, Ontario, M5H 2V1
NEWS RELEASE
CORRECTION FROM SOURCE: DORMAA PROJECT OPTION AND JOINT VENTURE AGREEMENT
PAYMENTS EXTENDED
Toronto, June 8, 2018 – RosCan Minerals Corporation (“RosCan” or the “Company”) (TSX-V: ROS) is issuing a correction to
its previously disseminated news release dated June 7, 2018. The correction is limited to the Company’s remaining payments
pursuant to the agreement (b) pay to Pelangio an aggregate of $150,000 as follows:
Amount Due Date
$50,000 On December 5, 2018; and,
$100,000 On December 5, 2019
It is now being corrected to “(b) pay to Pelangio an aggregate of $250,000 as follows:
Amount Due Date
$50,000 On December 5, 2018; and,
$200,000 On December 5, 2019”
Toronto, June 7, 2018 – RosCan Minerals Corporation (“RosCan” or the “Company”) (TSX-V: ROS) reports that the remaining
payments to be made by the Company to earn a 50% interest in the Dormaa Project in Ghana, pursuant to the option and
joint venture agreement made with Pelangio Exploration Inc. (“Pelangio”), have been extended by an additional six months.
The extension was necessitated by the delay in commencing the drill program which is currently underway. Exploration results
will be released once received.
RosCan’s remaining payments pursuant to the agreement are now as follows:
(a) fund $1,700,000 in exploration expenditures, as follows:
Amount Due Date
$700,000 By December 5, 2018; and,
$1,000,000 By December 5, 2019.
(b) pay to Pelangio an aggregate of $150,000, as follows:
Amount Due Date
$50,000 On December 5, 2018; and,
$100,000 On December 5, 2019
ABOUT ROSCAN
RosCan Minerals Corporation is a Canadian gold exploration company focussed on West Africa. The Company has assembled
a significant land position of 100% -owned permits in an area of large gold deposits for its Kandiole Project in west Mali.
RosCan is also exploring the gold potential of the early exploration stage Dormaa Project in Ghana, in which RosCan can earn
a 50% interest through an option agreement with Pelangio Exploration Inc.
For further information, please contact:
Greg Isenor
RosCan Minerals Corporation News Release June 7, 2018
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RosCan Minerals Corporation
365 Bay Street, Suite 400
Toronto, Ontario, M5H 2V1
President and Chief Executive Officer
Tel: (902) 832-5555 or (416) 293-8437
Email: [email protected]
Forward Looking Statements
This news release contains forward -looking information which is not comprised of historical facts. Forward -looking information is
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. Forward -looking information involves risks, uncertainties and other
factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by su ch forward-
looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not
limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required r egulatory or
governmental approvals, and other risks involved in the mineral exploration and development indu stry, including those risks set out in the
Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedar.com. Forward-looking information in
this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all
necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the
assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not
be placed on such information. The Company disclaims any intention or obligation to update or revise any forward -looking information,
other than as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ventur e Exchange)
accepts responsibility for the adequacy or accuracy of this release.