/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES./
TORONTO, Aug. 1, 2013 /CNW/ - Roxgold Inc. [TSXV: ROG] (the "Company")
is pleased to announce that it has closed its previously announced
bought deal private placement (the "Offering") of 25,625,000 common
shares ("Common Shares") at a price of $0.40 per Common Share for gross
proceeds of $10,250,000. The Offering was made through a syndicate of
underwriters led by Cormark Securities Inc. and including Macquarie
Capital Markets Canada Ltd., Toll Cross Securities Inc., GMP Securities
L.P., Jennings Capital Inc. and Raymond James Ltd. (collectively, the
"Underwriters").
In connection with the Offering, the Underwriters received a commission
equal to 5.0% of the gross proceeds of the Offering excluding the gross
proceeds from president's list orders.
The net proceeds of the Offering will be used to advance the Yaramoko
Permit and further exploration at the property, as well as for general
working capital purposes.
"We are pleased to announce the closing of the placement and thank our
underwriters for their support," remarked John Dorward, President and
Chief Executive Officer of Roxgold. "This investment in our future
growth further validates our confidence in Yaramoko's potential as we
continue to advance the project into feasibility."
The Common Shares issued in connection with the Offering are subject to
a four-month hold period.
The press release is not an offer or a solicitation of an offer of
securities for sale in the United States. The securities described
herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act"), and may
not be offered or sold in the United States unless registered under the
U.S. Securities Act or unless an exemption from registration is
available.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, including the expected use of
proceeds are forward-looking statements. Although the Company believes
the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially
from those in the forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking
statements include, changes in market conditions, unsuccessful
exploration results, changes in the price of gold, unanticipated
changes in key management personnel and general economic conditions.
Mining exploration and development is an inherently risky business.
Accordingly the actual events may differ materially from those
projected in the forward-looking statements. This list is not
exhaustive of the factors that may affect any of the Company's
forward-looking statements. These and other factors should be
considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to
update any forward-looking statement that may be made from time to time
by the Company or on its behalf, except in accordance with applicable
securities laws.
SOURCE: Roxgold Inc.
