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Roscan Gold Announces Changes to the Board of Directors

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Roscan Gold (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF) has announced significant changes to its Board of Directors. Nana Sangmuah has been appointed as the Executive Chairman, succeeding Sir Samuel Jonah who is stepping down for personal reasons. Additionally, Rahul Paul has been appointed to the Board, bringing over 17 years of experience in capital markets and the mining industry.

Mr. Paul, formerly President & CEO of Radisson Mining Resources Inc., has a strong track record in securing financing and overseeing successful drill programs. His appointment is expected to strengthen Roscan's growth strategy as the company transitions from advanced exploration towards permitting and development.

The company has also granted 500,000 incentive stock options to Mr. Paul, exercisable at $0.08 per share for five years.

Roscan Gold (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF) ha annunciato modifiche significative al suo Consiglio di Amministrazione. Nana Sangmuah è stato nominato Presidente Esecutivo, succedendo a Sir Samuel Jonah, che si dimette per motivi personali. Inoltre, Rahul Paul è stato nominato nel Consiglio, portando con sé oltre 17 anni di esperienza nei mercati dei capitali e nell'industria mineraria.

Il signor Paul, ex Presidente e CEO di Radisson Mining Resources Inc., ha un solido curriculum nella gestione di finanziamenti e nella supervisione di programmi di perforazione di successo. La sua nomina dovrebbe rafforzare la strategia di crescita di Roscan mentre la società passa da un'esplorazione avanzata verso le autorizzazioni e lo sviluppo.

La società ha anche concesso 500.000 opzioni su azioni incentivanti al signor Paul, esercitabili a $0.08 per azione per cinque anni.

Roscan Gold (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF) ha anunciado cambios significativos en su Junta Directiva. Nana Sangmuah ha sido nombrado Presidente Ejecutivo, en sustitución de Sir Samuel Jonah, quien se retira por razones personales. Además, Rahul Paul ha sido nombrado en la Junta, aportando más de 17 años de experiencia en los mercados de capitales y en la industria minera.

El Sr. Paul, ex Presidente y CEO de Radisson Mining Resources Inc., tiene un sólido historial en la obtención de financiamiento y en la supervisión de programas de perforación exitosos. Se espera que su nombramiento fortalezca la estrategia de crecimiento de Roscan a medida que la empresa transita de la exploración avanzada hacia la obtención de permisos y el desarrollo.

La compañía también ha otorgado 500,000 opciones de acciones de incentivo al Sr. Paul, que se pueden ejercer a $0.08 por acción durante cinco años.

로스칸 골드 (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF)는 이사회의 중대한 변화를 발표했습니다. 나나 상무아가 개인적인 사유로 사임하는 세르 사무엘 조나를 대신하여 이사회 의장으로 임명되었습니다. 또한, 라훌 폴이 이사로 임명되었으며, 자본 시장과 Mining 산업에서 17년 이상의 경험을 보유하고 있습니다.

전 라디슨 마이닝 리소스의 회장 및 CEO인 폴 씨는 자금 조달과 성공적인 시추 프로그램 관리를 위한 강력한 실적을 가지고 있습니다. 그의 임명은 로스칸이 고급 탐사에서 허가 및 개발로 전환하는 동안 성장 전략을 강화할 것으로 예상됩니다.

회사는 또한 폴 씨에게 500,000개의 인센티브 주식 옵션을 부여했으며, 이는 5년 동안 주당 $0.08의 가격으로 행사할 수 있습니다.

Roscan Gold (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF) a annoncé des changements significatifs à son conseil d'administration. Nana Sangmuah a été nommé Président Exécutif, succédant à Sir Samuel Jonah qui se retire pour des raisons personnelles. De plus, Rahul Paul a été nommé au conseil, apportant plus de 17 ans d'expérience dans les marchés de capitaux et l'industrie minière.

M. Paul, ancien Président et CEO de Radisson Mining Resources Inc., possède un solide palmarès dans l'obtention de financements et la supervision de programmes de forage réussis. Sa nomination devrait renforcer la stratégie de croissance de Roscan alors que l'entreprise passe de l'exploration avancée à l'obtention de permis et au développement.

L'entreprise a également accordé 500 000 options d'actions incitatives à M. Paul, exerçables à 0,08 $ par action pendant cinq ans.

Roscan Gold (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF) hat bedeutende Änderungen in seinem Vorstand angekündigt. Nana Sangmuah wurde zum Executive Chairman ernannt und tritt die Nachfolge von Sir Samuel Jonah an, der aus persönlichen Gründen zurücktritt. Darüber hinaus wurde Rahul Paul in den Vorstand berufen und bringt über 17 Jahre Erfahrung im Kapitalmarkt und in der Bergbauindustrie mit.

Herr Paul, ehemaliger Präsident und CEO von Radisson Mining Resources Inc., hat eine starke Erfolgsbilanz in der Beschaffung von Finanzierungen und der Überwachung erfolgreicher Bohrprogramme. Seine Ernennung wird erwartet, um die Wachstumsstrategie von Roscan zu stärken, während das Unternehmen von der fortgeschrittenen Erkundung in Richtung Genehmigungen und Entwicklung übergeht.

Das Unternehmen hat ebenfalls 500.000 Anreizaktienoptionen an Herrn Paul vergeben, die über fünf Jahre zu einem Preis von $0,08 pro Aktie ausgeübt werden können.

Positive
  • Appointment of Nana Sangmuah as Executive Chairman, bringing continuity in leadership
  • Addition of Rahul Paul to the Board, bringing 17 years of industry and capital markets experience
  • Paul's expertise in securing financing and overseeing successful drill programs could benefit Roscan's growth strategy
  • Company's transition from exploration to permitting and development phase
Negative
  • Departure of Sir Samuel Jonah as Non-Executive Chairman
  • Granting of 500,000 stock options at $0.08 per share may lead to potential dilution for existing shareholders

Toronto, Ontario--(Newsfile Corp. - September 16, 2024) - Roscan Gold Corporation  (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF) ("Roscan" or the "Company") is pleased to announce that Mr. Nana Sangmuah has been appointed as the Executive Chairman of the Board of Directors, effective September 16, 2024. Mr. Sangmuah will succeed Sir Samuel Jonah, who is stepping down from his role as Non-Executive Chairman for personal reasons. Additionally, the Company is pleased to announce the appointment of Mr. Rahul Paul to its Board of Directors, effective today.

Nana Sangmuah, Executive Chairman, President, and CEO, commented, "We are deeply grateful for the invaluable contributions and guidance Sir Samuel has provided during his tenure as Chairman. His leadership has been instrumental in positioning Roscan for future success. As we transition from advanced exploration towards permitting and development, I am confident that his advice and experience will continue to be a vital asset to the Company. Furthermore, we are thrilled to welcome Rahul Paul to our Board. His extensive capital markets expertise and proven track record in the mining industry will be invaluable as we continue to execute our growth strategy."

Appointment of Mr. Rahul Paul to the Board of Directors

Mr. Paul brings more than seventeen years of experience in capital markets and the mining industry. Most recently, he held the position of President & CEO at Radisson Mining Resources Inc., a company listed on the TSX-V. During his tenure, he successfully secured financing and supervised a 128,000 m drill program from 2019 to 2022, resulting in a significant increase in gold resources at the O'Brien project. With near a decade serving as Director, Research - Precious Metals at Canaccord Genuity, Mr. Paul provided in-depth coverage of gold producers and developers. He has been instrumental in assisting numerous North American gold companies in managing growth, raising capital, enhancing market visibility, and progressing projects from early-stage exploration through to production. Mr. Paul holds a Master of Business Administration from Western University and an undergraduate engineering degree from the University of Kerala.

Stock Options

The Company's board of directors has approved the granting of 500,000 incentive stock options pursuant to the Company's Stock Option Plan to Rahul Paul, which will vest immediately. The options are exercisable at a price of $0.08 per share for a period of five (5) years from issuance.

About Roscan

Roscan Gold Corporation is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold's Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in West Mali.

For further information, please contact:

Nana Sangmuah

President & CEO
Tel: (416) 900-1412
Email: info@Roscan.ca

Forward-Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

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 release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223394

FAQ

Who has been appointed as the new Executive Chairman of Roscan Gold (RCGCF)?

Nana Sangmuah has been appointed as the new Executive Chairman of Roscan Gold (RCGCF), effective September 16, 2024.

Who has been newly appointed to Roscan Gold's (RCGCF) Board of Directors?

Rahul Paul has been newly appointed to Roscan Gold's (RCGCF) Board of Directors, effective September 16, 2024.

What is Rahul Paul's background and experience in the mining industry?

Rahul Paul has over 17 years of experience in capital markets and the mining industry. He was previously President & CEO of Radisson Mining Resources Inc. and has expertise in securing financing, overseeing drill programs, and assisting gold companies in growth management.

What stock options were granted to Rahul Paul by Roscan Gold (RCGCF)?

Roscan Gold (RCGCF) granted Rahul Paul 500,000 incentive stock options, exercisable at a price of $0.08 per share for a period of five years from issuance.

ROSCAN GOLD CORP

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