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ROS.H

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0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:ROS.H TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Roscan Minerals Corporation Announces Proposed Private Placement

25/01/2013 11:38pm

Marketwired Canada


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

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