Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover” or the “Company”) is pleased to announce that further to its releases of January 6, 2021, announcing a non-brokered $0.10 Unit Financing, Rover has now closed the First tranche of the $0.10 Unit Financing for gross proceeds of $1,007,500 (the “First Units”). Each unit is comprised of one common share and one common share purchase warrant (the “First Warrants”). The First Units were issued at $0.10 per unit, resulting in the issuance of 10,075,000 common shares and 10,075,000 warrants. The First Warrants have an exercise price of $0.15 per warrant share, and a life of two years. Finders’ commission warrants are expected to issued on certain monies raised, upon final closing of the $0.10 Unit Financing, once TSXV approval has been obtained. The units will bear the minimum four month regulatory hold period from the date of issuance. The use of proceeds of the first closing will to be finance exploration planning, winter exploration mobilization, winter drilling, and working capital for general and administrative expenses. For the full copy of the news release click here.