Resouro Announces Increase in Offering Size of Brokered Private Placement
Resouro Announces Increase in Offering Size
of Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - June 27, 2023) -
Resouro Gold Inc.
(TSXV: RAU) ("
Resouro
" or the
"
Company
") is pleased to announce that it has increased the size of its brokered private placement of
common shares of the Company ("
Shares
") at a purchase price of $0.15 per Share as previously
announced on May 23, 2023, such that the Company now intends to issue 13,333,333 Shares for
aggregate gross proceeds of up to $2,000,000 (the "
Offering
").
The net proceeds from the Offering will be used to advance exploration on the Company's Tiros
Titanium-REE Project and Novo Mundo Gold Project in Brazil and for general working capital purposes.
Closing of the Offering is expected to occur shortly and is subject to certain customary conditions,
including, but not limited to, the receipt of all necessary approvals including the approval of the TSX
Venture Exchange.
The securities offered have not been registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S.
persons absent registration or an applicable exemption from registration requirements. This news
release does not constitute an offer for sale of securities in the United States.
About Resouro Gold Inc.
Resouro is a Canadian-based mineral exploration and development company focused on the discovery
and advancement of economic mineral projects in Brazil, including the Novo Mundo Gold Project in Mato
Grosso and the Tiros Titanium-REE Project in Minas Gerais. Learn more about the Company on its
website:
https://resouro.com
.
On behalf of the Board of Directors,
Chris Eager, President & CEO
RESOURO GOLD INC.
For further information, please contact the Company at:
Chris Eager, CEO
For Investor inquiries
416-642-1807
Disclaimer
This news release contains certain "forward-looking information" within the meaning of applicable
securities law. Forward-looking information is frequently 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. In particular, forward-looking information in this
press release includes, but is not limited to, statements with respect to the completion of the titanium-
REE project acquisition, closing of the Offering, expected terms of the Offering, the number of
securities of Resouro that may be issued in connection with the Offering, and the parties' ability to
satisfy closing conditions and receive necessary approvals. Although we believe that the expectations
reflected in the forward-looking information are reasonable, there can be no assurance that such
expectations will prove to be correct. We cannot guarantee future results, performance or
achievements. Consequently, there is no representation that the actual results achieved will be the
same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the
statements are made and are subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those anticipated in the forward-looking
information. Some of the risks and other factors that could cause the results to differ materially from
those expressed in the forward-looking information include, but are not limited to: general economic
conditions in Canada and globally; industry conditions, including governmental regulation and
environmental regulation; failure to obtain industry partner and other third party consents and
approvals, if and when required; the availability of capital on acceptable terms; the need to obtain
required approvals from regulatory authorities; stock market volatility; liabilities inherent in the mining
industry; competition for, among other things, skilled personnel and supplies; incorrect assessments
of the value of acquisitions; geological, technical, processing and transportation problems; changes in
tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and
dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be
construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this
cautionary statement. We undertake no duty to update any of the forward-looking information to
conform such information to actual results or to changes in our expectations except as otherwise
required by applicable securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
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
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