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topicnews · September 11, 2024

Roscan Gold Announces Approval for Promissory Note Extension and Private Placement of Convertible Debentures with Michael Gentile Page 1

Roscan Gold Announces Approval for Promissory Note Extension and Private Placement of Convertible Debentures with Michael Gentile Page 1

Toronto, Ontario–(Newsfile Corp. – September 11, 2024) – Roscan Gold Corporation (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF) (“Roscan” or the “Company”) announces that further to its press releases dated March 11, 2024 and September 11, 2024, the Company has received approval from the TSX Venture Exchange (the “TSXV“) to extend the maturity date of its outstanding secured subordinated notes in the aggregate principal amount of US$1,000,000 (the “Notes“). The maturity date of the Notes has been extended to September 11, 2025. All other terms and conditions of the Notes remain unchanged.

In addition, the Company is pleased to announce that it intends to enter into a non-brokered private placement with Mr. Michael Gentile, a director of the Company, for CAD$300,000 in principal amount and secured subordinated notes for gross proceeds of CAD$300,000 (the “Offer“). The gross proceeds of the offering will be used for general corporate and working capital purposes.