Roscan Gold Announces Upsize to Proposed Financing
Wednesday, 6 March 2024, 14:46
Roscan Gold Expands Financing
Roscan Gold has recently announced an upsize to its proposed financing strategy, aiming to raise up to C$2.3M through secured subordinate promissory notes with a 12% interest rate and conversion option.
Key Points:
- Increased Size: The private placement has been extended to accommodate additional funding needs.
- 12% Interest: The promissory notes will carry a 12% interest rate, providing investors with a competitive return.
- Conversion Option: Investors will have the opportunity to convert their notes into equity, potentially benefiting from the company's future success.
This strategic decision underscores Roscan Gold's proactive approach to strengthening its financial position and pursuing sustainable growth opportunities in the market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.