Roscan Minerals Corporation Announces Proposed Private Placement

Fri Jan 25, 2013 7:39pm EST

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Marketwire

Roscan Minerals Corporation

January 25, 2013 - 07:38:56 PM

Roscan Minerals Corporation Announces Proposed Private Placement

TORONTO, ONTARIO--(Marketwire - Jan. 25, 2013) - Roscan Minerals Corporation
(the "Company") (TSX VENTURE:ROS.H) announces that it intends to complete a
non-brokered private placement of up to 1,800,000 units at a price of $0.05
per unit for aggregate subscription proceeds of up to CDN$90,000. Each unit
will be 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 five years from the date of issuance. The financing is
subject to regulatory approval including approval from the TSX Venture
Exchange.

Certain non-arm's length subscribers will participate in the private placement
on the same terms as other participants and the shareholdings of these
individuals will increase as a result of their participation. Proceeds from
the financing 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: 31,966,075

FOR FURTHER INFORMATION PLEASE CONTACT: 
Roscan Minerals Corporation
Don Whalen
Director
(416) 293-8437
(416) 293-3957 (FAX)


Roscan Minerals Corporation
Mark McMurdie
CFO
(416) 293-8437
(416) 293-3957 (FAX)
info@roscan.ca




        

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.
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