(TheNewswire)
Vancouver, British Columbia – TheNewswire - January 29, 2024: Rock Edge Resources Ltd. (the "Company" or "RockEdge") ( CSE:REDG ) is pleased to announce that the Companyhas arranged a non-brokered private placement of up to 15,000,000units (the “Units”) of the Company at a price of CDN$0.03 per Unit toraise gross proceeds of up to CDN$450,000 (the “Offering”). Each Unitconsists of one common share of the Company and one share purchasewarrant, entitling the holder to acquire an additional common share ofthe Company at a price of $0.06 for a period of 24 months from thedate of issuance.
Proceeds from the Offering will be used for explorationof the Company’s mineral properties as well as for generaladministrative expenses.
The common shares, share purchase warrants and sharesunderlying the share purchase warrants will be subject to afour-month-and-one-day statutory hold period from the date ofissuance. Closing of the Offering remains subject to the receipt ofall regulatory approvals, including the approval of the CanadianSecurities Exchange (CSE).
The Company has set 200,000 options to directors of thecompany at an exercise price of 5 cents for a period of two years inaccordance with the company's stock option plan.
About Rock Edge Resources Ltd.
Rock Edge Resources Ltd. is engaged in the business ofmineral exploration and the acquisition of mineral property assets inCanada. Its objective is to locate and develop properties of meritand to conduct its exploration on the Company’s explorationproperties.
For more information, please refer to the Company's information available on SEDAR (www.sedar.com).
On Behalf of the Board ofDirectors
Charles Desjardins
Chief Executive Officer, President and Director
Phone: 604-808-3156
Email: charlesventure1000@gmail.com
FORWARD LOOKINGSTATEMENTS:
This news release containsforward-looking statements, which relate to future events or futureperformance and reflect management’s current expectations andassumptions, including with respect to the Company’s ability orintention to exercise its option to acquire an interest in theProperty, as described above. Such forward-looking statements reflectmanagement’s current beliefs and are based on assumptions made byand information currently available to the Company. Investors arecautioned that these forward looking statements are neither promisesnor guarantees, and are subject to risks and uncertainties that maycause future results to differ materially from those expected. Theseforward -looking statements are made as of the date hereof and, exceptas required under applicable securities legislation, the Company doesnot assume any obligation to update or revise them to reflect new events or circumstances.All of the forward-looking statements made in this press release arequalified by these cautionary statements and by those made in ourfilings with SEDAR in Canada (available at WWW.SEDAR.COM).
Neither the Canadian Stock Exchangenor its Regulation Services Provider accepts responsibility for theadequacy or accuracy of this news release
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