Roscan Gold Announces Closing of Private Placement
Roscan Gold Corporation News Release March 11, 2022
Roscan Gold Corporation
161 Bay Street, Suite 2700
Toronto∙ ON ∙ M5J 2S1 ∙ Canada
NEWS RELEASE
Roscan Gold Announces Closing of Private Placement
Toronto, Ontario. – March 11, 2022 – Roscan Gold Corporation (“Roscan” or the “Company”) (TSX‐ V:
ROS; FSE:2OJ; OTC:RCGCF) is pleased to announce it has closed a non -brokered private placement
through the issuance of 12,500,000 common shares (the “ Common Shares ”) in the capital of the
Company at a price of $0.40 per Common Share for gross proceeds of $5,000,000 (the “ Offering”).
Gross proceeds of the Offering will be used to fund the Company’s exploration program.
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. In connection
with the Offering, certain eligible finders received finders’ fees in the aggregate of $300,000. In addition,
the Company issued 200,000 Common Shares to a certain eligible finder in lieu of cash commissions.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in
the United States. The securiti es 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 as defined under applicable United States
securities laws 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 well‐financed 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 is contiguous 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
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
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Roscan Gold Corporation News Release March 11, 2022
factors that could cause actual events, results, and opportunities to differ mate rially 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 s et 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 an d 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.