finance

$2.4M Financing Raised

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (FSE:4XO) (“Rover” or the “Company”) further to its release of June 1, 2021, announcing its First Closing, Rover is pleased to announce that is has raised a total of $2,425,000.00 under its non-brokered $0.10 Unit Financing. For the full copy of the news release and more information about Rover Metals Corporation, please click here.

Private Placement Unit Financing

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (FSE:4XO) (“Rover” or the “Company”) is pleased to announce a non-brokered private placement unit financing (the “Units”) for a minimum of $1,000,000 and a maximum of $2,500,000. Further to this announcement of a financing, Rover has now also closed the first tranche of the financing for gross proceeds of $1,046,300 (the “First Units”). In this news release there is also the appointment of a new Investor Relations firm. For the full copy of the news release click here.

Financing First Tranche Closed

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.

$0.10 Unit Financing

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover” or the “Company”) is pleased to announce that it intends to raise a minimum of $1,000,000 and a maximum of $1,300,000 under a $0.10 unit non-brokered private placement unit financing (the “$0.10 Unit Financing”). For the full copy of the news release click here.

Unit Financing Second Closing

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) is pleased to announce a second closing of its Unit Financing for gross proceeds of $349,920.00. For the full copy of the news release click here.

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.

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.

$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