Roscan Gold Settles Debt with Equity and Note

RosCan Gold Corporation (TSE:ROS) has released an update.

Roscan Gold Corporation has concluded a debt settlement agreement involving a $1,050,000 debt owed for drilling and related services. The settlement terms include a small upfront cash payment, the issuance of 5 million common shares, and a secured promissory note with 12% annual interest, maturing in October 2024. The company is a Canadian gold exploration entity with significant interests in West Africa’s gold-rich regions.

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