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Roscan Gold (TSXV:ROS) announces $5M non-brokered private placement

Mining, The Market Online Deal Room
TSXV:ROS
28 February 2022 08:45 (EST)
Roscan Gold - CEO, Nana Sangmuah.

Source: YouTube (121 Mining Investment Events).

Roscan Gold (ROS) has announced a $5 million non-brokered private placement.

A group of investors have agreed to purchase 12.5 million common shares at a price of $0.40 per share. 

Nana Sangmuah, President & CEO remarked on the announcement.

“We are pleased to welcome 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 per cent investment in the company.”

Roscan will use the proceeds to advance the company’s 100 per cent‐owned Kandiole Gold Project in West Mali.

The offering is expected to close on or before March 31, 2022.

Roscan is a well-financed Canadian gold exploration company focused on the acquisition and exploration of gold properties in West Africa.

Roscan Gold Corporation (ROS) opened trading at C$0.385 per share.

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