Rover Metals Closes $880,000 Under Its $0.08 Unit Financing

VANCOUVER, British Columbia, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) announces that further to its releases of December 21, 2022, February 14, 2023, and February 21, 2023 the Company has now closed its $0.08 Unit Financing. The Company has raised a total of $880,000 under three closings: $376,000 on November 16, 2022; $202,000 on December 21, 2022; and $302,000 on February 24, 2023. As a result of this financing, the Company has issued 11,000,000 common shares, and 11,000,000 common share purchase warrants (the “Warrants”) across the three closings. The Warrants have a useful life of 30 months and an exercise price of $0.12 per warrant share. Finder’s cash commissions of $37,910.56 were paid, and 473,882 finder’s warrants were issued in connection with this financing. The finder’s warrants bear the same terms as the warrants issued under the financing. Common shares and Warrants issued in connection with the financing will bear the standard four-month regulatory hold period required by the Toronto Venture Exchange.

Read more at globenewswire.com