Rogue Resources is selling company shares in an effort to raise half a million dollars for operational expenses.
The company announced on June 25 it intends to issue and sell up to 1,818,182 units of the company at a price of 22 cents per unit for aggregate gross proceeds of $400,000 and up to 333,333 flow-through units of the company at a price of 30 cents per per flow-through unit for aggregate gross proceeds of $100,000.
Rogue’s assets include the Snow White silica-quartz property near Massey (west of Sudbury), the Silicon Ridge quartz project in Québec, the Radio Hill iron ore property southwest of Timmins, and the Langmuir nickel-copper-PGM property near South Porcupine.
Most recently, the company has been conducting work at its Snow White project, completing an 1,800-drill program in May. Rogue said it expects to file a National Instrument 43-101 resource report at the end of July, following which the company will make a decision on advancing the project.
Rogue is a mining company focused on generating positive cash flow. Not tied to any commodity, it looks at rock value and good grade deposits that can withstand all stages of the commodity price cycle.
