Northwire Canada EditionFriday, November 13, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Financings

Roscan enters binding term sheet for $1.5M in notes

By The Northwire Desk — AI Analysis Dec 19, 2025 · 04:21 ROS · 0.125 Roscan Gold Corporation
ROS · Price

Executive Summary

  • Roscan Gold Corp. has entered into a binding term sheet for a fully subscribed C$1.5 million secured convertible note financing.
  • The financing is led by strategic investor and board director Michael Gentile, who is committing C$700,000, with total participation from management and directors amounting to the full C$1.5 million.
  • The proceeds will be used for general working capital as the company approaches the final phase of its permitting process for the Kandiole project in West Mali.

Key Details

  • Transaction Structure: Secured convertible note via private placement.
  • Total Proceeds: C$1.5 million (fully subscribed).
  • Key Investor: Michael Gentile (Director and Strategic Investor) committed C$700,000.
  • Management/Director Participation: Total commitment of C$1.5 million from management and directors.
  • Coupon Rate: 12% per annum.
  • Term: One year.
  • Conversion Price: C$0.15 per common share.
  • Conversion Rights: Convertible in whole or in part at the option of the noteholder at any time prior to the close of business on the earlier of: (a) the business day prior to the maturity date; or (b) the business day prior to any date set for redemption or repurchase.
  • Interest Payment: Accrued and unpaid interest paid in cash up to, but excluding, the date of conversion.
  • Use of Proceeds: General working capital purposes.
  • Regulatory Approvals: Subject to customary closing conditions and approvals from applicable securities regulatory authorities, including the TSX Venture Exchange.
  • Security Approval: Grant of security subject to approval of Osisko Gold Royalties Ltd.
  • Hold Period: Four months plus one day from the date of issuance, subject to resale rules of applicable securities legislation.

Notable Quotes

  • "We are pleased to have this financing in place as we approach the final phase of our permitting process. Roscan is on the cusp of transitioning from an explorer to a developer, a milestone that should support a meaningful rerating." — Nana Sangmuah, President and CEO
Read the original news release →

More from Roscan Gold Corporation

Apr 16, 2026 · 16:46

Roscan Gold PEA Filing Confirms Mali Project Economics; Stock Consolidates Post-March Surge

Technical Study Mar 02, 2026 · 21:33

Roscan Gold closes $1.5-million note private placement

Financings Mar 02, 2026 · 17:16

Roscan Gold Announces Closing of Convertible Note Financing

Financings Mar 02, 2026 · 10:31

Roscan Transitions to Developer Status with Robust PEA Amidst Tight Liquidity and Heavy Royalty Burdens

Technical Study Feb 06, 2026 · 13:59

Roscan Gold arranges $1.5-million note financing

Financings Feb 06, 2026 · 06:01

Roscan secures vital bridge financing as insider Michael Gentile continues to backstop the Malian gold play.

Financings