Toronto, July 24, 2019 – Roscan Gold Corporation (“Roscan” or the “Company”) (TSX-V: ROS) is pleased to announce the appointment of David Kavanagh as a director of the Company.
Mr. Kavanagh was employed in mineral exploration, mine project financing, and project development for more than 25 years, and has over 30 years’ experience in senior corporate management. Mr. Kavanagh holds a BSc. In Geology from Acadia University (1974), MBA from Dalhousie University (1981) and LLB from Dalhousie University (1981). Mr. Kavanagh was Vice President and General Counsel at Clearwater Fine Foods Incorporated and Clearwater Seafoods Incorporated from 2003 to 2017. Prior to 2003, Mr. Kavanagh was Assistant General Counsel of Rio Algom Limited from 1997 to 2001, prior thereto he was Senior Counsel of Rio Algom Limited from 1996 to 1997. Mr. Kavanagh was admitted to the Law Societies of Alberta (1983), Ontario (1989) and Nova Scotia (2004).
The Company also announces that it has granted Mr. Kavanagh an aggregate of 500,000 options to purchase common shares of the Company exercisable at a price of $0.15 per common share and expiring on July 23, 2022. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.
Roscan Gold Corporation is a Canadian gold exploration company focused on the acquisition and exploration of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold’s Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in West Mali.
For further information, please contact: Greg Isenor
President and Chief Executive Officer Tel: (902) 832-5555
Forward Looking Statements
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward- looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
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