By Laura Lutz
Washington, March 6 - Roca Mines Inc. settled a private placement of units for C$10 million.
The company sold 7,142,857 units of one share and one warrant at C$1.40 per unit. Each warrant is exercisable at C$2.25 until Sept. 6, 2008.
The deal was announced on Feb. 27.
Proceeds will be used for the company's Max molybdenum project.
Roca is a mineral exploration company based in Vancouver, B.C.
| Issuer: | Roca Mines Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$10 million
|
| Units: | 7,142,857
|
| Price: | C$1.40
|
| Warrants: | One per unit
|
| Warrant expiration: | Sept. 6, 2008
|
| Warrant strike price: | C$2.25
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 6
|
| Stock symbol: | TSX Venture: ROK
|
| Stock price: | C$1.51 at close March 6
|
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