2023-03-31 06:19:47 ET
- Roscan Gold ( OTCQB:RCGCF ) announced a non-brokered private placement financing for gross proceeds of up to C$2M through the issuance of 10M shares at a price of C$0.20/share.
- The C$0.20 price per share reflects a 19% premium to the 30-Day VWAP to Mar. 30, 2023.
- Gross proceeds 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 programs 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 & CEO Nana Sangmuah commented.
For further details see:
Roscan Gold to raise C$5M in private offering