Roughrider Announces Private Placement
VANCOUVER, August 20, 2018 - Roughrider Exploration Ltd. (TSX-V: REL)("Roughrider") - is pleased to announce a non-brokered private placement (the "Private Placement"). The Private Placement consists of the sale of up to 4,500,000 Shares (the " Shares") at a price of $0.10 per Share for gross proceeds of up to $450,000. No warrants will be issued in connection with the Private Placement.
Subject to the approval of the TSX Venture Exchange, cash finders' fees may be paid in respect of subscriptions by certain arm's length subscribers.
The proceeds of the Private Placement will be used for general working capital purposes, further work on Roughrider's Genesis uranium project, and evaluation and potential acquisition of other exploration projects.
Closing of the Private Placement remains subject to the approval of the TSX Venture Exchange. All the securities issued under the Private Placement are subject to a hold period expiring four months and one day from the date of issuance.
About Roughrider Exploration Limited
Roughrider and its partner Kivalliq Energy are exploring the Genesis uranium project located in the Wollaston-Mudjatik geological trend extending northeast from Saskatchewan's Athabasca Basin. In addition, Roughrider has acquired options on the Brownell Lake and Olsen property options near La Ronge Saskatchewan and the Silver Ace and Sterling projects in central British Columbia.
Forfurther information, please contact:
Chief Executive Officer
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any information asto our strategy, projects, plans or future financial or operating performance,constitutes "forward-looking statements." All statements, other thanstatements of historical fact, are to be considered forward-looking statements.Forward-looking statements are necessarily based on a number of estimates andassumptions that, while considered reasonable by the company, are inherentlysubject to significant business, economic, geological and competitiveuncertainties and contingencies. Although the Company believes the expectationsexpressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performance. Knownand unknown factors could cause actual results to differ materially from thoseprojected in the forward-looking statements. Such factors include but are notlimited to: fluctuations in market prices, exploration and exploitation successes,continued availability of capital and financing, changes in national and localgovernment legislation, taxation, controls, regulations, expropriation ornationalization of property and general political, economic, market or businessconditions. Many of these uncertainties and contingencies can affect our actualresults and could cause actual results to differ materially from thoseexpressed or implied in any forward-looking statements made by, or on behalfof, us. Readers are cautioned that forward-looking statements are notguarantees of future performance and, therefore, readers are advised to rely ontheir own evaluation of such uncertainties. All of the forward-lookingstatements made in this press release, or incorporated by reference, are qualifiedby these cautionary statements. We do not assume any obligation to update anyforward-looking statements.
UNITED STATES ADVISORY
The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and soldoutside the United States to eligible investors pursuant to Regulation Spromulgated under the U.S. Securities Act, and may not be offered, sold, orresold in the United States or to, or for the account of or benefit of, a U.S.Person (as such term is defined in Regulation S under the United StatesSecurities Act) unless the securities are registered under the U.S. SecuritiesAct, or an exemption from the registration requirements of the U.S. SecuritiesAct is available. Hedging transactions involving the securities must not beconducted unless in accordance with the U.S. Securities Act. This press releaseshall not constitute an offer to sell or the solicitation of an offer to buyany securities, nor shall there be any sale of securities in the state in theUnited States in which such offer, solicitation or sale would be unlawful.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
SOURCE: Roughrider Exploration Ltd.