Financing Details - Roscan Gold Corporation has entered into a binding term sheet for a fully subscribed financing of C$1,500,000 through a private placement of secured convertible notes [1] - The secured convertible notes will carry a 12% coupon over a one-year term, with a conversion price of C$0.20 per common share [1][2] - The gross proceeds from the private placement will be used for general working capital purposes [2] Terms and Conditions - The notes are convertible at the option of the note holder into common shares at any time prior to the maturity date or any date set for redemption [2] - The offering is subject to customary closing conditions and approvals from applicable securities regulatory authorities, including the TSX Venture Exchange [3] - All securities issued in connection with the private placement will be subject to a hold period of four months plus a day from the date of issuance [3] Company Overview - Roscan Gold Corporation is a Canadian gold exploration company focused on acquiring and exploring gold properties in West Africa [4] - The company has a significant land position with 100%-owned permits in an area with producing gold mines, including proximity to B2 Gold's Fekola Mine [4]