Toronto, Ontario--(Newsfile Corp. - June 7, 2018) - RosCan Minerals Corporation ("RosCan" or the "Company") (TSXV: ROS) reports that the remaining payments to be made by the Company to earn a 50% interest in the Dormaa Project in Ghana, pursuant to the option and joint venture agreement made with Pelangio Exploration Inc. ("Pelangio"), have been extended by an additional six months. The extension was necessitated by the delay in commencing the drill program which is currently underway. Exploration results will be released once received.
RosCan's remaining payments pursuant to the agreement are now as follows:
(a) fund $1,700,000 in exploration expenditures, as follows:
By December 5, 2018; and,
By December 5, 2019.
On December 5, 2018; and,
On December 5, 2019
RosCan Minerals Corporation is a Canadian gold exploration company focussed on West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of large gold deposits for its Kandiole Project in west Mali. RosCan is also exploring the gold potential of the early exploration stage Dormaa Project in Ghana, in which RosCan can earn a 50% interest through an option agreement with Pelangio Exploration Inc.
For further information, please contact:
President and Chief Executive Officer
Tel: (902) 832-5555 or (416) 293-8437
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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Source: Newsfile Corp.