Roscan Gold Corporation (TSXV: ROS) is to undertake a non-brokered private placement financing for gross proceeds of up to $2M.
Gross proceeds raised from the Offering will be used for exploration and development of the Kandiolé Project and for working capital and general corporate purposes.
“The private placement allows us to further advance our work programmes towards further resource growth as well as de-risking efforts towards obtaining the final mining permit, a key element that triggers the remaining $5M investment from Osisko Gold Royalties as per Royalty Sale Agreement announced in December 2022,” President and CEO, Nana Sangmuah, said.
“I am also pleased with the continued support of our director and largest shareholder Michael Gentile in this private placement, while welcoming new strategic partners and shareholders”.
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 Kandiolé), and major gold deposits, located both north and south of its Kandiolé Project in West Mali1.
For further information please visit: https://roscan.ca/
