Roxgold Inc. (TSXV:ROG) announced a brokered best effort basis private placement of 14,285,714 common shares at a price of CAD 0.70 per share for gross proceeds of CAD 10,000,000 on January 29, 2013. Syndicate of agents to be co-led by Toll Cross Securities Inc. and Jennings Capital Inc., and including GMP Securities L.P., and Raymond James Limited will act as agents to the company. The agents will also have the option to increase the size of the offering by an additional 15% at any time up to 24 hours prior to the closing date.

The Company has agreed to pay the agents a cash commission equal to 6% of the gross proceeds of the offering excluding up to CAD 1,500,000 of president's list orders. The transaction is expected to close on or about February 7, 2013. The securities issued will be subject to a four month hold period.