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Rogue Resources Inc closes third tranche of private placement


Thursday, 6 Mar 2014 06:03pm EST 

Rogue Resources Inc:Closes third tranche of non-brokered private placement financing.Intends to extend the Offering for a further two weeks, subject to regulatory approval.Third tranche the company issued 50,000 flow through units and 2,982,500 non-flow through units for a total of 3,032,500 units and gross proceeds of $243,600.All shares are subject to a statutory four month hold period which expires on July 6, 2014.Offering consists of FT Units and NFT Units on a best efforts basis at a price of $0.10 per National FT Unit or Quebec FT Unit and $0.08 per NFT Unit.Each Quebec or National FT Unit consists of one flow through common share and one-half of one non-transferable warrant.Each NFT Unit consists of one common share and one non-transferable common share purchase warrant.Each whole warrant will entitle the holder to purchase one common share at an exercise price of $0.12 for 24 months following completion of the Offering.Proceeds from the issuance of the FT Shares will qualify as Canadian and/or Quebec exploration expenses which will be renounced to investors no later than Dec. 31, 2014.Intends to use the net proceeds of the Offering primarily for expenditures on the company's East-West Gold property and for general working capital. 

Company Quote

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17 Dec 2014