Rogue Post the Recording of Wednesday’s Conference Call and Reports TSXV Approval of Private Placement Closing Extension
- Well-attended investor call held on Wednesday, August 8th
- Full recording of the presentation and investor questions and answers is available on www.rogueresources.ca
- TSX Venture Exchange approval of private placement closing extension
TORONTO, ON – Rogue Resources Inc. (TSX-V: RRS) (“Rogue” or the “Company”) held its sixth Investor Update call yesterday, which included a thorough presentation from Management followed by close to 30 minutes answering questions. The full audio recording is now available on the Company’s website.
The Company is also pleased to report that the TSX Venture Exchange (the “TSXV”) has granted the Company an extension to September 5, 2018 for closing its previously announced private placement, consisting of the planned issue and sale up to 1,818,182 units of the Company (“Units”) at a price of $0.22 per Unit for aggregate gross proceeds of $400,000 (the “Unit Offering”) and up to 333,333 flow-through units of the Company (“FT Units”) at a price of $0.30 per FT Unit for aggregate gross proceeds of $100,000 (the “FT Unit Offering” and together with the Unit Offering, the “Private Placement”).
Each Unit will consist of one common share of Rogue and one common share purchase warrant (each, a “Warrant”) entitling the holder thereof to purchase one common share (each, a “Warrant Share”) at an exercise price of $0.30 until July 25, 2020. Each FT Unit will consist of one flow-through common share of Rogue (each, a “FT Share”) and one-half of one common share purchase warrant (each, a “FT Warrant”) entitling the holder thereof to purchase one common share at an exercise price of $0.35 until July 25, 2020.
All Warrants and FT Warrants issued in the Private Placement will contain an accelerator clause whereby, if at any time after July 25, 2019, and prior to the expiry of the Warrants or FT Warrants, the trading price of Rogue’s common shares exceeds $0.40 for a period of ten consecutive trading days, the Company may provide notice to the holders of the Warrants and FT Warrants that such warrants will expire 30 days after the date of the notice.
The Private Placement is subject to regulatory approval, including the approval of the TSXV. Closing of the Private Placement is expected to occur on or about August 31, 2018. The proceeds of the Unit Offering will be used for general corporate purposes. The proceeds from the FT Unit Offering will be used for Canadian Exploration Expenses, as defined in the Income Tax Act (Canada).
For more information on the Private Placement, please see the Company’s news release dated June 25, 2018.
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any commodity, it looks at rock value and good grade deposits that can withstand all stages of the commodity price cycle. The Company remains focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Quebec, exploring its other assets, including the gold potential at Radio Hill and nickel potential at Langmuir, and identifying additional projects or mines that meet its criteria.
For more information visit www.rogueresources.ca.
For additional information regarding this news release please contact: