Roscan Gold Announces Closing of Final Tranche of Non-Brokered Private Placement
Roscan Gold Announces Closing of Final
Tranche of Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - May 15, 2023) -
Roscan Gold Corporation (TSXV: ROS) (FSE:
2OJ) (OTCQB: RCGCF) ("Roscan" or the "Company")
announces that, further to its press releases
of March 31, 2023 and May 10, 2023, the Company has closed the final tranche of its non-brokered
private placement through the issuance of 6,625,000 common shares (the "
Common Shares
") in the
capital of the Company at a price of $0.20 per Common Share for gross proceeds of $1,325,000 (the
"
Offering
"). All securities issued in connection with the Offering will be subject to a hold period of four
months plus a day from the date of issuance and the resale rules of applicable securities legislation.
Gross proceeds of the Offering will be used for exploration and development of the Company's Kandiole
Project and for working capital and general corporate purposes.
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 Roscan
Roscan Gold Corporation is a Canadian gold exploration company focused on the exploration and
acquisition of gold properties in West Africa. The Company has assembled a significant land position of
100%-owned permits in an area of producing gold mines (including B2 Gold's Fekola Mine which lies in
a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of
its Kandiole Project in West Mali.
For further information, please contact:
Nana Sangmuah
President & CEO
Tel: (902) 832-5555
Email:
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 such 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
regulatory or governmental approvals, and other risks involved in the mineral exploration and
development industry, 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 Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. NEWSWIRE SERVICES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/166147