Roxmore Resources increases financing to $32.64-million

Executive Summary

• Roxmore Resources Inc. upsized its previously announced non‑brokered private placement to raise C$32.64 million (≈ US$32.64 M) by selling 13.6 million common shares at $2.40 per share.
• Proceeds will be used primarily to accelerate development of the Converse gold project and for general corporate purposes.
• The offering is expected to close on or about Feb. 27, 2026, subject to customary closing conditions and regulatory approvals.

Key Details

• Placement Size: Increased to C$32.64 million gross proceeds.
• Shares Issued: 13.6 million common shares at $2.40 per share.
• Use of Proceeds: Primarily to fund advancement of the Converse gold project; remaining amounts for general corporate purposes as approved by management.
• Closing Date: Anticipated Feb. 27, 2026 (or other date(s) as determined).
• Statutory Hold Period: Securities subject to a hold period of four months and one day from issuance.
• Regulatory Conditions: Closing contingent on receipt of required regulatory approvals, including conditional acceptance by the Toronto Stock Exchange.
• Finder’s Fees: Company may pay finder’s fees to eligible finders in accordance with TSX rules and policies.

Notable Quotes

(No direct quotes were provided in the release.)