Rover Metals

Unit Financing Increase

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) is pleased to announce an increase to its Unit Financing announced on August 4, 2020. The Company will now raise a total of $1,099,999.98 under its Unit Financnig. For the full copy of the news release click here.

Unit Financing First Closing

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) is pleased to announce a first closing of its Unit Financing for gross proceeds of $275,000.04 as well as confirmation that its exploration at Cabin Lake will commence Thursday September 3, 2020. For the full copy of the news release click here.

Cabin Lake Exploration Drilling

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) is pleased to announce that further to its press release of August 4, 2020, announcing a non-brokered Unit Financing, it anticipates performing a first closing of the Unit Financing shortly, and expects to commence exploration drilling at its Cabin Lake gold project as early as August 31, 2020. For the full copy of the news release click here.

Stock Option Grants

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) announces stock options grants to advisors of the Company. Certain Advisors of the Company will receive 350,000 incentive stock options. For the full copy of the news release click here.

Unit Financing

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) is pleased to announce that it intends to raise a minimum of $600,000 and a maximum of $900,000 under a $0.06 unit non-brokered private placement financing (the “Unit Financing”). Each Unit is priced at $0.06 and is comprised of one common share and one common share purchase warrant (the “Warrant”). Each Warrant has a two year life and an exercise price of $0.12 per warrant, with an acceleration clause if the Company’s shares trade at $0.20 per share for five consecutive trading days. For the full copy of the news release click here.

Director Compensation

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) announces Director compensation for certain Directors. For the full copy of the news release click here.

TSXV Approval

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) announces that it has received approval from the Toronto Venture Exchange (the “TSXV”) to settle $120,643 in trade payables through the issuance of common shares at $0.05 per common shares. The Company has also made several other current working capital improvements. The July 15, 2020 press release also provides an infrastructure update for the Cabin Lake Group of Gold Properties. For a copy of the full news release click here.

TSXV Trade Payables

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) announces that it intends to apply to the Toronto Venture Exchange (the “TSXV”) to settle up to $136,200 in trade payables to improve the Company’s working capital position. The Company has entered into agreements with certain vendors and officers and advisors of the Company to settle the $136,200 in trade payables through the issuance of common shares at a price of $0.05 per common share, which would result in the issuance of 2,724,000 common shares. Officers and advisors of the Company account for $121,200 of the debt settlement application, or 2,424,000 common shares. The remaining debt settlement relates to an arm’s length vendor. Approval of the debt settlements is subject to approval by the TSXV. An updating press release will be issued, if and when, approval is obtained from the TSXV. Any future issuances of shares related to this debt settlement application will be subject to a minimum of the four month regulatory hold period from date of approval, pursuant to TSXV policies on shares for debt settlements. For a copy of the full news release click here.

Toquima LOI cancellation

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) announces that further to its press release of April 10, 2019, the Company has made the decision to cancel its non-binding letter of intent to acquire 100% of the Toquima silver project in central Nevada, USA (the “Original LOI”). Rover Metals has entered into a new non-binding letter of intent (the “New LOI”) with the same vendor of the Toquima Property (the “Vendor”) to acquire one or more gold-dominant exploration projects, subject to due diligence. The Company is currently reviewing several gold projects in Utah, Arizona, and Nevada advanced by the Vendor. Conditional upon positive due diligence, it is the Company’s intention to complete a transaction to acquire 100% interest in one or more of these U.S.-based gold projects. Certain cash payments advanced under the Original LOI will be paid back to Rover Metals under the New LOI. For a copy of the full news release click here.

$0.06 Unit Private Placement Financing

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) is pleased to announce a new financing for proceeds of up to $900,000. The Company’s new $0.06 Unit financing (the “$0.06 Unit Private Placement Financing”) is comprised of one common share and one common share purchase warrant. Each Warrant has a five year life and an exercise price of $0.12 per warrant, with an acceleration clause if the Company’s shares trade at $0.15 per share for five consecutive trading days.

For institutional investors, the Company is also offering a one-year convertible debenture for minimum proceeds of $500,000, with 12% interest, $0.065 conversion floor price, with a full warrant with a three-year life with an exercise price of $0.065 per warrant. click here