VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 01/23/13 — Rogue Iron Ore Corp. (TSX VENTURE: RRS) („Rogue“) plans to hold a Special Meeting of shareholders on Friday, February 22, 2013 in order to obtain securityholder approval for an amended Plan of Arrangement to spin out its interest in Rapier Gold Inc. („Rapier“) on a one for 4.49 ratio and complete an equity financing of up to $4.5 million. February 23, 2013 (the day after the Special Meeting date), is the last day Rogue shareholders will eligible to receive Rapier shares.
STRATEGIC ALLIANCE WITH AURICO GOLD INC. („AuRico“):
UPDATE ON SPINOUT:
„The strategic alliance with AuRico, combined with the unanimous support from Rogue-s shareholders, at the previous meeting, represents a very significant contribution towards the successful formation of Rapier to aggressively explore the Pen Gold Property,“ stated Freeman Smith, President & CEO.
ON BEHALF OF THE BOARD OF DIRECTORS
Freeman Smith, President & CEO
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Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release constitutes forward-looking statements, including in particular disclosure regarding a revised transaction structure for the spin-out, the ability to settle a revised financing condition with Rio Tinto and completion of a relevant financing to meet any updated financing condition. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company-s current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, those set out in the Company-s MD&A and other periodic filings. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts: Rogue Iron Ore Corp. Mike McCormick Corporate Communications (604) 638-1157
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