Toronto, Ontario--(Newsfile Corp. - June 4, 2019) - Roscan Gold Corporation (TSXV: ROS) ("Roscan" or the "Company") is pleased to announce it has entered into a consulting agreement (the "Consulting Agreement") with Skanderbeg Capital Advisors Inc. ("Skanderbeg") with respect to Skanderbeg providing investor relations services to the Company. Effective June 1, 2019, the Agreement has an initial term of 12 months, wherein the Company will pay Skanderbeg a fee of $7,500 per month. In addition, Skanderbeg shall be granted 600,000 stock options to purchase common shares of the Company at $0.15 per share. The options will vest in instalments of 150,000 options per quarter, with the first instalment vesting on September 1, 2019. The appointment of Skanderbeg and the option grants are subject to acceptance of the TSX Venture Exchange.
Skanderbeg will assist the Company in increasing its market awareness through targeted marketing and information campaigns, facilitating institutional and retail investor meetings and through articles and various media distribution channels.
In addition, the Company's existing investor relations consulting services agreement with Michael Poulin has been extended to September 15, 2019. Mr. Poulin was previously granted 150,000 stock options to purchase common shares of the Company at $0.15 per share, vesting in instalments of 37,500 options per quarter.
Roscan Gold Corporation is a Canadian gold exploration company focused on the acquisition and exploration of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold's Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in west Mali.
For further information, please contact:
President and Chief Executive Officer
Tel: (902) 832-5555 or (416) 293-8437
Forward Looking Statements
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
Neither the 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.
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