Rogue Resources (RRS-V) July 26, '16 is pleased to report that on Monday, July 25th it completed the non-brokered private placement of Flow-Through Units (the "FT Units"), launched on July 13th, raising a total of $880,000. The FT Units were priced at $0.10 and include a non-transferable common share purchase warrant which will entitle the holder to purchase one common share at an exercise price of $0.12 until July 18, 2018. Compensation was paid as to $30,800 in cash, 513,333 compensation shares and 616,000 compensation warrants. The shares issued in this financing are subject to a four month hold period expiring November 23, 2016. The majority of the financing was placed by Brandon Munday / REDPLUG Capital with long term Rogue shareholders.
Full details of the private placement can be found in Rogue's July 13, 2016 news release.
"This financing is validation of the support we have from our existing shareholder base," said Sean Samson, President and CEO of Rogue Resources. "These shareholders follow the Company closely, recognize the work we are putting into de-risk Silicon Ridge and they see Rogue as a continued opportunity to buy a stake in a great Company, before the broader market begins to realize it."
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any metal, it looks at rock value and good grade deposits that can withstand all stages of the metal price cycle. The current focus is Quebec's Silicon Ridge Project. For more information visit www.rogueresources.ca.
Qualified Person
The Silicon Ridge Exploration Project is under the direct supervision of Eddy Canova, P.Geo. (OGQ), and Senior Vice President of the Company, a Qualified Person ("QP") as defined by National Instrument 43-101, assisted by Paul Davis, P.Geo., Technical Consultant to the Company and also a QP as defined by National Instrument 43-101. Both QPs have approved the scientific and technical content of this release.
On Behalf of Rogue Resources Inc.
Sean Samson
President & CEO, Director
For additional information regarding this news release please contact:
Sean Samson
sean@rogueresources.ca
+1-604-629-1808
rogueresources.ca
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July 20, '16 - NR
Rogue Resources (RRS-V) is pleased to report that today it filed a technical report ("Technical Report") prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects for its 100% owned Silicon Ridge Project ("Project"), located approximately 42 kilometres ("km") north of Baie-Saint Paul, Québec, and 4 km northeast of Sitec's operating silica mine.
The Technical Report entitled "NI 43-101 Technical Report on the Silicon Ridge Mineral Resources - Quebec, Canada" has an effective date of June 7, 2016 and supports the disclosure made by the Company in its June 7, 2016 news release (the "News Release") announcing the results of a preliminary mineral resource estimate for it Silicon Ridge Project. There is no material difference in the Technical Report from the information disclosed in the News Release.
The Technical Report is available for review under the Company's profile on SEDAR ( www.sedar.com) and on the Company's website ( www.rogueresources.ca).
With the filing of the Technical Report on SEDAR, the Company is focusing on the Preliminary Economic Assessment ("PEA"), scheduled for completion by Met-Chem Canada ("Met-Chem"), a division of DRA Americas, in September. As part of this focus, Rogue completed a Request for Proposals process with four (4) groups for the conceptual development and operating components of the project. The proposals will form the basis for the operating and capital estimates that will be incorporated into the PEA study.
Timmins-Radio Hill Property
As part of an ongoing review of non-core assets, the Company and the Radio Hill Optionors have executed an amendment (dated June 16, 2016) to the Radio Hill Option Agreement originally entered into on November 16, 2007, whereby the Company maintains its option on the iron ore mineralization, and now at the sole discretion of the Company, can either issue 100,000 shares of the Company or pay $50,000 to the Optionors on an annual basis. This amendment provides the Company greater flexibility in managing its cash reserves while continuing to maintain the option on the iron ore potential of the property. The TSX has provided regulatory approval to the amendment.
"Completing and filing this resource is another step forward for the Silicon Ridge project," said Sean Samson, President and CEO of Rogue Resources. "Work continues towards the PEA and I'm pleased with the detail and cost information we received from the contractors, all with direct quarry experience. Met-Chem's September PEA will now draw from quoted values for the major cost areas of the up-front capital expense (examples- road upgrading, site preparation) and ongoing operating expenses (examples- drill/blast, load/haul, crushing, sorting, road transfer). Discussions also continue with potential buyers of our material, as samples are being sent out this month for their analysis."
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any metal, it looks at rock value and good grade deposits that can withstand all stages of the metal price cycle. The current focus is Quebec's Silicon Ridge Project. For more information visit www.rogueresources.ca.
Qualified Person
The Silicon Ridge Exploration Project is under the direct supervision of Eddy Canova, P.Geo. (OGQ), and Senior Vice-President of the Company, a Qualified Person ("QP") as defined by National Instrument 43-101, assisted by Paul Davis, P.Geo., Technical Consultant to the Company and also a QP as defined by National Instrument 43-101. Both QPs have approved the scientific and technical content of this release.
On Behalf of Rogue Resources Inc.
Sean Samson
President & CEO, Director
For additional information regarding this news release please contact:
Sean Samson
sean@rogueresources.ca
+1-604-629-1808
rogueresources.ca
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