Roxgold Inc. Completes $30 Million Bought Deal Financing

November 04, 2014

Roxgold Inc. (TSX.V:ROG), a gold exploration and development company with its key asset, the high grade, 100% owned Yaramoko Gold Project located in the Houndé greenstone region of Burkina Faso, West Africa, completed a public offering (the “Offering”) of 46.2 million units (the ‘Units”) at a price of $0.65 per Unit (the “Offering Price”) for gross proceeds of approximately $30 million. The Offering was conducted pursuant to a short form prospectus filed in each of the provinces of Canada except the Province of Québec and Prince Edward Island.

The Offering was underwritten by a syndicate of underwriters co-led by Cormark Securities Inc. and BMO Nesbitt Burns Inc., and also included Macquarie Capital Markets Canada Ltd., GMP Securities L.P., RBC Dominion Securities Inc., Haywood Securities Inc., Canaccord Genuity Corp. and Raymond James Ltd. (the “Underwriters”).

The Company has also granted the Underwriters an option to purchase up to an additional 6,930,000 Units at the Offering Price exercisable within 30 days after the closing of the offering for additional gross proceeds in the amount of up to approximately $4.5 million.

Wildeboer Dellelce LLP acted as counsel to the Underwriters in connection with the Offering with a team that included Charlie Malone, Patrick Magee, Jessica Allan (corporate/securities) and Kevin Fritz (tax).