Rover Metals Arranges Second Closing of $0.08 Unit Financing
July 20 2023 - 12:47PM
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF)
(FSE:4XO) (“
Rover” or the
“
Company”) is pleased to announce that further to
its release of June 23, 2023,
Rover has received additional
orders of $177,000 for its $0.08 Unit Financing. The
Company has received approval from the Toronto Venture Exchange
(the “TSXV”) to close the second tranche of the Unit financing for
gross proceeds of $177,000 (the “Second Closing”). The Company will
issue 2,212,500 common shares and 2,212,500 warrants. Finders’
commissions are being paid in connection with the Second Closing in
the amount of cash commissions of $6,200 and finders’ warrants of
77,500. The finder’s warrants will have an exercise price of $0.12
and a useful life of two and half (2 ½) years. The shares and
warrants issued under the Second Closing will bear the minimum
four-month regulatory hold period from the date of issuance. The
Company has now raised a total of $677,000 under the first two
closings of its financing.
The financing has been led by experienced
lithium investors from Europe and Australia.
An updating release will be provided once the
Company has completed any future closings of the unit financing,
including receipt of final acceptance from the TSXV for the
financing.
Use of ProceedsThe proceeds from the Second
Closing will be used for general and administrative expenses.
About Rover MetalsRover is a
publicly traded junior mining company that trades on the TSXV under
symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under
symbol 4XO. The Company has a diverse portfolio of mining resource
development projects with varying exploration timelines. Its
critical mineral projects include lithium, zinc, and copper. Its
precious metals projects include gold and silver. The Company is
exclusive to the mining jurisdictions of the U.S. and Canada.
You can follow Rover on its social media
channels:Twitter: https://twitter.com/rovermetalsLinkedIn:
https://www.linkedin.com/company/rover-metals/Facebook:
https://www.facebook.com/RoverMetals/for daily company updates and
industry news, andYouTube:
https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriberfor
corporate videos.Website:
https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS “Judson
Culter” Chief Executive Officer and Director
For further information, please contact: Email:
info@rovermetals.comPhone: +1 (778) 754-2617
Statement Regarding Forward-Looking
InformationThis news release contains statements that
constitute "forward-looking statements." Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause Rover's actual results, performance or
achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or that events or
conditions "will," "would," "may," "could" or "should" occur. There
can be no assurance that such statements prove to be accurate.
Actual results and future events could differ materially from those
anticipated in such statements, and readers are cautioned not to
place undue reliance on these forward-looking statements. Any
factor could cause actual results to differ materially from Rover’s
expectations. Rover undertakes no obligation to update these
forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION
CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE
COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE
IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON
THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT
TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY
PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS
RELEASE.
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