(TheNewswire)
VANCOUVER, BC — TheNewswire - February 13, 2024 – Rock Edge Resources Ltd: (the "Company" or "Rock Edge")( CSE:REDG ) is pleased to announce the closing of the FirstTranche of its non-brokered private placementfinancings, as previously announced on January 29, 2024. The Companyhas raised gross proceeds totalling $309,550.02, issuing a total of10,554,250 units of common shares at a unit price of $0.03
Each unit consists of one common share and onetransferrable common share purchase warrant, enabling the holder topurchase one common share at an exercise price of $0.06, 24 monthsafter the date of issuance. The proceeds from the offering will beallocated towards the exploration of the Company's mineral propertiesand general operational expenses.
Finders' fees of $23,755.00 in cash plus 235,916Finders Shares at $0.03 and 235,916 Finders warrants were paid toarm's length parties. Shares issued pursuant to the Financing will besubject to a statutory hold period of four months plus a day from thedate of issuance, according to the applicable security laws ofCanada.
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 newevents or circumstances. All of the forward-looking statements made inthis press release are qualified by these cautionary statements and bythose made in our filings with SEDAR in Canada (available atWWW.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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