- Rover Metals (ROVR) has closed the first tranche of a non-brokered private placement
- Under the first tranche, the company issued 4,700,000 units at $0.08 per unit for gross proceeds of $376,000
- The company will issue 187,500 common shares for consulting services rendered by one of the company’s former arm’s length advisors
- Rover Metals is a junior mining company developing a diverse portfolio of mineral resource projects in Nevada and the Northwest Territories
- Rover Metals Corp. (ROVR) is down 5.56 per cent on the day, trading at C$0.085 per share at 2 pm ET
Rover Metals (ROVR) has closed the first tranche of a non-brokered private placement.
Under the first tranche, the company issued 4,700,000 units at $0.08 per unit for gross proceeds of $376,000. Each unit consists of one common share and one common share purchase warrant. The warrants on the Units have an exercise price of $0.12 per warrant share.
Assuming the financing is fully subscribed, there will be up to 10,000,000 units issued for gross proceeds of up to $800,000.
Finders’ commissions of $13,312.50 and 266,250 finders’ warrants were paid in conjunction with the first tranche.
The TSXV has approved the issuing of common shares for consulting services rendered by one of the company’s former arm’s length advisors. Services in the amount of $22,500 will be paid by issuing 187,500 common shares at a deemed price of $0.12 per share.
Rover Metals is a junior mining company developing a diverse portfolio of mineral resource projects in Nevada and the Northwest Territories.
Rover Metals Corp. (ROVR) is down 5.56 per cent on the day, trading at C$0.085 per share at 2 pm ET.