RosCan Gold Corporation (TSE:ROS) has released an update.
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Roscan Gold Corporation, a Canadian-based mining company, has announced an increase in its non-brokered private placement up to CAD$2.3 million due to strong investor demand. The placement involves secured subordinate promissory notes with a 12% annual interest rate, maturing in six months, and convertible into common shares at CAD$0.11 each. However, the company’s previously planned debt settlement with an arm’s length creditor has been canceled.
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