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Roscan Gold Corporation Announces Closing of Overnight Marketed Public Offering

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Roscan Gold Corporation (TSX-V: ROS) (FSE: 2OJ) (OTC Pink: RCGCF) is pleased to announce the closing of its previously announced overnight marketed public offering of common shares of the Company.

 

The Offering was completed through a syndicate of agents led by Clarus Securities Inc. that included Beacon Securities Limited, Echelon Wealth Partners Inc., Cormark Securities Inc. and Paradigm Capital Inc.

 

Pursuant to the Offering, the Company issued the maximum of 35,714,500 Common Shares, for gross proceeds of C$15,000,090. The Company also issued 2,142,870 non-transferable common share purchase warrants as compensation to the Agents.

 

The net proceeds of the Offering will be used to fund the Company’s ongoing exploration program in Mali and to fund working capital and other general corporate purposes.

 

The Common Shares were offered in the Provinces of British Columbia, Alberta and Ontario pursuant to a final short form prospectus dated April 1, 2021.

 

This press release does not constitute an offer to sell or a solicitation of an offer to buy any 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 except pursuant to an available exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

 

 

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.

 

Posted April 8, 2021

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