Logo4_d_blue_undeline copy
ROXGOLD INC. ANNOUNCES $7.5 MILLION BOUGHT DEAL PRIVATE PLACEMENT
VANCOUVER, BC (Apri1 12 2011) Roxgold Inc. (TSX.V: ROG the "Company") has
entered into an agreement with a syndicate of underwriters led by Cormark
Securities Inc. and including Fraser Mackenzie Limited, GMP Securities L.P.,
PI Financial Corp., Pope & Company Limited, and Toll Cross Securities Inc.
(the "Underwriters") pursuant to which the Underwriters have agreed to
purchase 10,000,000 units ("Units") of the Company on a bought deal private
placement basis at a price of $0.75 per Unit. Each Unit shall consist of one
common share of the Company and one-half of one non-transferable common
share purchase warrant. Each whole warrant shall be exercisable at any time
for one common share at a price of $1.00 per share for a period of two years
following closing.
The Underwriters shall also have the option, exercisable prior to the
closing of the offering, to purchase up to an additional 1,500,000 Units at
the issue price under the offering for additional gross proceeds of up to
approximately $1.1 million.
The Company will pay the Underwriters a cash commission equal to 7.0% of the
gross proceeds of the offering and issue broker warrants to acquire up to
that number of Common Shares as is equal to 7.0% of the aggregate number of
Units issued pursuant to the offering at a price of $0.75 per share for a
period of 24 months following the closing date.
The offering is scheduled to close on or about May 10, 2011 and is subject
to certain conditions including, but not limited to, the receipt of all
necessary approvals including the approval of the TSX Venture Exchange.
The net proceeds of the offering will be for continued exploration of the
Company's Burkina Faso JV properties and for general working capital
purposes.
Robert Sibthorpe
President and CEO
The securities described herein have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States unless registered under the Act or unless an exemption from
registration is available. This news release contains forward-looking
statements.
These statements are based on information currently available to the Company
and the Company provides no assurance that actual results will meet
management's expectations. Forward-looking statements include estimates and
statements that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management expects a
stated condition or result to occur. Forward-looking statements may be
identified by such terms as "anticipates", "believes", "could", "estimates",
"expects", "may", "shall", "will", or "would". Since forward-looking
statements are based on assumptions and address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of the
Company's mineral properties, and the Company's financial condition and
prospects, could differ materially from those currently anticipated in such
statements for many reasons such as: changes in general economic conditions
and conditions in the financial markets; changes in demand and prices for
minerals; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with the activities of
the Company; and other matters discussed in this news release. This list is
not exhaustive of the factors that may affect any of the Company's
forward-looking statements. These and other factors should be considered
carefully and readers should not place undue reliance on the Company's
forward-looking statements. The Company does not undertake to update any
forward-looking statement that may be made from time to time by the Company
or on its behalf, except in accordance with applicable securities laws
This news release includes certain "forward looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of
1995. Without limitation, statements regarding potential mineralization and
resources and reserves, exploration results, and future plans and objectives
of the Company are forward looking statements that involve various degrees
of risk. The following are important factors that could cause the Company's
actual results to differ materially from those expressed or implied by such
forward looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and mining
operations, the uncertainty of future profitability and the uncertainty of
access to additional capital. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contact information
Roxgold Inc.
Website: www.roxgold.com
Robert Sibthorpe
President & CEO
Allan Fabbro
Director
Barry Girling
Director
Phone: (604) 638-0978
(604) 806-0991 ext. 102
Email: bobsibthorpe@yahoo.ca
afabbro@imining.com
Barry@roxgold.com
Barry Girling
ROXGOLD INC.
880 - 580 Hornby Street
Vancouver, BC, V6C 3B8
( Tel: 604-806-0991 ext 102
7 Fax: 604-684-0642
* Email: <mailto:barry@roxgold.com> barry@roxgold.com
|
Roxgold Inc.
|
|
EXPLORATION STAGE |
CODE : ROG.V |
ISIN : CA7798992029 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Roxgold is a gold exploration company based in Canada. Roxgold holds various exploration projects in Canada. Its main exploration properties are YARAMOKO in Burkina Faso and TJ RIDGE in Canada. Roxgold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 494.0 millions as of today (US$ 370.5 millions, € 344.8 millions). Its stock quote reached its lowest recent point on December 05, 2008 at CA$ 0.01, and its highest recent level on March 09, 2012 at CA$ 2.27. Roxgold has 371 440 000 shares outstanding. |