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Roscan Minerals Corporation Closes Private Placement
Published : February 26, 2013
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TORONTO, ONTARIO--(Marketwire - Feb. 26, 2013) - Roscan Minerals Corporation (the "Company") (TSX VENTURE:ROS.H) announces that it has closed its previously announced non-brokered private placement (the "Offering") of 1,800,000 units at a price of $0.05 per unit for aggregate subscription proceeds of CDN$90,000. Each unit is comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at a price of $0.10 for a period of 12 months from the date of issuance. The securities issued pursuant to the Offering are subject to a four-month hold period. The financing remains subject to final acceptance by the TSX Venture Exchange (the "TSXV").

Insiders of the Company subscribed for 931,000 units in the Offering on the same terms as other participants and the shareholdings of these individuals will increase as a result of their participation. Since insiders purchased more than 25% of the Offering, the Company has conditionally closed these subscriptions, subject to final approval of the TSXV. Proceeds from the Offering will be used for general working capital purposes. 

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements. Such forward-looking statements include comments regarding the private placement and use of funds.

Shares Outstanding: 33,766,075

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV accepts responsibility for the adequacy or accuracy of this release.

Roscan Minerals Corporation
Don Whalen
Director
(416) 293-8437
(416) 293-3957 (FAX)
info@roscan.ca
or
Roscan Minerals Corporation
Mark McMurdie
CFO
(416) 293-8437
(416) 293-3957 (FAX)
info@roscan.ca
Companies Mentionned : Aura Minerals |
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Roscan Minerals Corporation

EXPLORATION STAGE
CODE : ROS.V
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Financings of Roscan Minerals Corporation
2/26/2013Closes Private Placement
10/4/2012Announces Closing of Private Placement
Project news of Roscan Minerals Corporation
4/8/2011(Golden Mile)Announces Phase I Drilling Contract With Timberline Drilling...
3/24/2011(Golden Mile)Announces Amendment of Option on the Golden Mile Property
Corporate news of Roscan Minerals Corporation
10/4/2012CORRECTION FROM SOURCE: Roscan Notice of Transfer to NEX Boa...
4/25/2011Announces Change in Location for Annual Meeting of Sharehold...
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TSX-V (ROS.V)
0.030+0.00%
TSX-V
CA$ 0.030
03/20 15:43 -
0%
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0 200.00%
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