By Laura Lutz
Des Moines, Aug 28 - Roca Mines Inc. settled a private placement for C$5 million.
The company sold 7,042,254 common shares for C$0.71 each.
The non-brokered placement was announced Aug. 10.
The company will use the proceeds to complete construction of the mine, mill and tailings facilities at its Max Molybdenum Mine near Trout Lake, B.C.
Vancouver, B.C.-based Roca Mines hopes, among its other mining projects, to be the first new primary molybdenum producer in Canada.
| Issuer: | Roca Mines Inc.
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| Issue: | Stock
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| Amount: | C$5 million
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| Shares: | 7,042,254
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| Price: | C$0.71
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| Warrants: | No
|
| Agent: | Non-brokered
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| Settlement date: | Aug. 28
|
| Stock symbol: | TSX Venture: ROK
|
| Stock price: | C$0.95 at close Aug. 10, C$1.22 at close on Aug. 28
|
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