VANCOUVER, BC — March 2, 2026 — Leads & Copy — Roxmore Resources Inc. (TSX:RM)(OTCQX:GARLF) has completed a non-brokered private placement, raising C$32,640,000.
The offering, initially announced on February 18, 2026, was increased by C$2,640,000 due to strong investor demand. The company issued 13,600,000 common shares at C$2.40 per share.
The funds will be used to accelerate the Converse Gold Project and for general corporate purposes. The accelerated work plan includes committing to approximately 30,000 meters of core and RC drilling for resource infill and extension, a re-assay program to include silver grades in future resource estimates, initiating comprehensive baseline studies and preliminary permitting activities, hydrogeology and geotechnical drilling, and further metallurgical test work.
John Dorward, CEO and Executive Chairman of Roxmore, stated the funds will enable an active work program over the next 18 months. He also noted the Converse Gold Project is emerging as a significant development project and welcomed L1 Capital, an Australian investor, to the shareholder register.
In connection with the offering, Roxmore paid C$974,000 in cash advisory fees to its financial advisors and C$360,000 in cash finder’s fees to eligible finders. All common shares issued are subject to a statutory hold period expiring on July 3, 2026.
3L Capital acted as Roxmore’s financial advisor, and Euroz Hartleys Limited acted as the Australian broker for the offering.
Roxmore Resources is focused on developing the Converse Gold Project in Nevada, USA. The project is located within the Battle Mountain trend and contains 5.57Moz Au of Measured and Indicated Mineral Resources and 0.42Moz Au Inferred Mineral Resources (238mt at 0.539g/t Au for 4.13Moz Measured Mineral Resources; 92mt at 0.487g/t Au for 1.44Moz Indicated, 25mt at 0.528g/t Au for 0.42Moz Inferred Mineral Resources).
Vance Spalding, CPG, Executive VP Exploration for Roxmore, has reviewed and approved the scientific and technical information in the release.
Source: Roxmore Resources Inc.
