VANCOUVER, BC–(Marketwired – August 23, 2016) –
Rogue Resources Inc. (TSX VENTURE: RRS) (“Rogue” or the “Company”) is pleased to announce that its Annual General Meeting (“AGM”) will be held October 24, 2016, with the specific location still to be confirmed. The Board of Directors has fixed the close of business on September 9, 2016 as the record date for determination of the shareholders entitled to notice of and to vote at the AGM.
The Company is now in the final stage of TSX Venture Exchange approval for the previously announced 10:1 Share Consolidation and anticipates that its common shares will begin trading on a consolidated basis on Thursday, August 25, 2016. The consolidation will result in there being approximately 8,864,500 shares outstanding. Where the exchange of ten (10) existing common shares for one (1) new common share results in a fractional share, the number of new common shares will be rounded to the nearest whole common share.
As also announced August 17, the Company currently has roughly a $1.5M cash balance, or approximately $0.17 per share post-consolidation.
It is with regret that the Company announces the departure of Eddy Canova, formerly Senior Vice-President.
Paul Davis, P.Geo., Technical Consultant to the Company since February 2016, a Qualified Person (“QP”) as defined by National Instrument 43-101, will now oversee the future scientific and technical developments of the Company.
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.
On Behalf of Rogue Resources Inc.
President & CEO, Director
Neither the 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 news release.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release may constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company’s current beliefs as well as assumptions made by and information currently available to the Company, and that actual results are consistent with management’s expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, those matters identified in its continuous disclosure filings, including its most recently filed MD&A. Should any of such assumptions prove to be incorrect or such risks become actual events, than the value of the Company’s securities may decline. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.