RRS Rogue Resources Inc

Rogue Resources Inc. (TSX VENTURE:RRS) ("Rogue" or the "Company") is pleased to
announce that, subject to regulatory approval, it has closed the first tranche
of its previously announced $750,000 non-brokered private placement financing
(the "Offering").


In the first tranche the Company issued 500,000 Quebec flow through units (the
"Quebec FT Units"), 1,250,000 National flow through units (the "National FT
Units") and 200,000 non-flow through units (the "NFT Units") for a total of
1,950,000 units and gross proceeds of $191,000. All shares are subject to a
statutory four month hold period which expires on May 1, 2014.


"Rogue shareholders can look forward to the Company advancing the newly optioned
East - West Gold Project located adjacent to a number of gold producers in Val
d'Or, Quebec, as well as conducting thorough reviews of the Radio Hill Iron
project and the Langmuir Nickel/PGM deposit," commented Company President and
CEO, John de Jong. "2014 promises to be a busy year for the Company as we
continue to augment our management team and consider joint venture options to
help realize value and advance our various projects."


The Offering consists of FT Units and NFT Units on a best efforts basis at a
price of $0.10 per National FT Unit or Quebec FT Unit and $0.08 per NFT Unit.
Each Quebec or National FT Unit consists of one flow through common share and
one-half of one non-transferable warrant. Each NFT Unit consists of one common
share and one non-transferable common share purchase warrant. Each whole warrant
will entitle the holder to purchase one common share at an exercise price of
$0.12 for 24 months following completion of the Offering.


The Offering is scheduled to close on or about January 31, 2014 and is subject
to certain conditions, including approval of the TSX Venture Exchange. Finder's
fees in the amount of $13,370 and 136,500 compensation warrants are payable in
respect of these funds. 


The proceeds from the issuance of the FT Shares will qualify as Canadian and/or
Quebec exploration expenses which will be renounced to investors no later than
December 31, 2013. The Company intends to use the net proceeds of the Offering
primarily for expenditures on the Company's East-West Gold property and for
general working capital.


ON BEHALF OF THE BOARD OF DIRECTORS

John de Jong, CEO & President

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.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy nor shall there be any sale of any securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or the securities laws of any state
of the United States and may not be offered or sold within the United States or
to, or for the account or the benefit of, any person in the United States unless
registered under the U.S. Securities Act and applicable state securities laws or
pursuant to an exemption from such registration requirements.


Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this
release, including statements regarding the use of the proceeds from the private
placement, 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,
including that the Company is able to obtain any government or other regulatory
approvals required to complete the private placement and the Company's planned
and ongoing exploration activities, that the Company is able to complete the
private placement, that the Company is able to procure personnel, equipment and
supplies required for its exploration activities in sufficient quantities and on
a timely basis and that actual results of exploration activities 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, that the private placement
will not be completed, that actual results of the Company's exploration
activities will be different than those expected by management and that the
Company will be unable to obtain or will experience delays in obtaining any
required government approvals or be unable to procure required equipment and
supplies in sufficient quantities and on a timely basis. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Rogue Resources Inc.
John de Jong
CEO/President
(604) 629-1808
john@rogueiron.com
www.rogueiron.com

Rogue Resources (TSXV:RRS)
Historical Stock Chart
From Apr 2024 to May 2024

Rogue Resources (TSXV:RRS)
Historical Stock Chart
From May 2023 to May 2024