Roscan Gold Corporation (TSXV: ROS) (OTCQB: RCGCF) is undertaking a C$5 million non-brokered private placement with strategic investors to advance the company’s 100%‐owned Kandiole Gold Project in West Mali.
The Strategic Investors have agreed to subscribe for and purchase 12.5 million common shares at a price of C$0.40 per share for aggregate gross proceeds of C$5 million.
President and CEO, Nana Sangmuah, said the company has welcomed the new strategic investments into the company.
‘This new strategic investment will allow Roscan to continue to unlock value on our highly prospective land package, as we continue to advance discussions with additional cornerstone investors for up to 19.9% investment in the company.”
“The company will use the proceeds of the strategic investment to fund its exploration program towards maiden resources over its 401.8 sq. km of area and multiple high potential targets as we build towards our maiden resource estimate in Q2, 2022.”
Closing of the Offering is expected to occur on or before March 31, 2022,
About Roscan
Roscan Gold Corporation 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 visit: https://roscan.ca/
