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Rogue Resources Inc.: Rogue Update: Selling Langmuir Project
TORONTO, ON
Rogue Resources Inc. (TSXV:RRS) ( Rogue or the Company ) is pleased to announce that further to its news release dated January 11, 2020, the Company intends to transfer its ownership and rights in the Langmuir project located southeast of Timmins, Ontario (the Langmuir Project ) to EV Nickel Inc. ( EVNi ), a private company incorporated under the laws of Ontario. The transfer will be completed pursuant to an asset purchase agreement dated March 4, 2021 between Rogue and EVNi (the Agreement ).
Rogue has been advised that EVNi plans to immediately raise a minimum of $1.5 million under a non-brokered private placement (the Concurrent Financing ) to begin advancing the Langmuir Project through exploration. The transfer of the Langmuir Project and completion of the Concurrent Financing are expected to close in the coming weeks.