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Rover Metals Corp. (TSXV:ROVR) has announced a non-brokered private placement

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The company is a Canadian natural resource exploration company with two precious metal projects in the Northwest Territories.

Additional Information:

Company: Rover Metals Corp
Website: http://www.rovermetals.com
Stock Symbol: CSE:ROVR
Date Published: Mar 6, 2019
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Rover Metals Corp. has announced a non-brokered private placement

The company is a Canadian natural resource exploration company with two precious metal projects in the Northwest Territories.

The company is looking to raise gross proceeds of up to $1,250,000 from the placement of up to 15,625,000 units priced at $0.08 per unit.

Each unit consists of one share and one warrant, with the warrant exercisable at $0.15 for 24 months.

The shares, which began trading on the TSX Venture Exchange in July 2018, are currently trading at $0.075.

The company anticipates using 80% of the proceeds to finance exploration activities at the Cabin Lake Gold Project and the balance for general and administrative expenses.

In August 2018, Rover Metals acquired a 100% interest in the Cabin Lake Property completing its area play for the Cabin Lake Group of Gold Projects.

The Cabin Lake Group of Gold Projects, which Includes Camp Lake and Slemon Lake properties for a total area package of 1,503 hectares, are located 110 kilometres northwest of Yellowknife and 20 kilometres southeast of Fortune Minerals' NICO Project.

Freeport McMoran, Aber Resources, and Highwood Resources completed a total of 5,000 metres of historic drilling, 1,900 line kilometres geophysics and 82 sample trenches at the Cabin Lake property.

Aber Resources reported a resource of 100,000 tons at 0.30 ounces per ton gold in their annual report.

These resources are historic in nature and have not been verified by Rover Metals.

For more information, please visit the company’s website at www.rovermetals.com, contact Judson Culter, CEO, by email at judson@rovermetals.com.

I’m Samantha Deutscher for Investmentpitch Media