By Laura Lutz
Des Moines, March 28 - Roca Mines Inc. closed a private placement of units for C$2 million.
Sprott Asset Management bought 1,212,121 units of one share and one warrant. Each whole warrant will be exercisable at C$2.25 until Sept. 28, 2008.
Proceeds will be used for exploration at 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$2 million
|
| Units: | 1,212,121
|
| Warrants: | One per unit
|
| Warrant expiration: | Sept. 28, 2008
|
| Warrant strike price: | C$2.25
|
| Investor: | Sprott Asset Management
|
| Settlement date: | March 28
|
| Stock symbol: | TSX Venture: ROK
|
| Stock price: | C$2.55 at close March 28
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
