By Laura Lutz
Des Moines, Aug. 7 - Roca Mines Inc. settled a private placement of units for C$13,006,200.
The company sold 4.09 million units of one share and one half-share warrant at C$3.18 per unit. Each whole warrant will be exercisable at C$4.00 for two years.
Desjardins Securities Inc., the underwriter, has a greenshoe for up to 15% of the deal size. The greenshoe is exercisable for 30 days from settlement.
Roca is a mining and exploration company based in Vancouver, B.C.
| Issuer: | Roca Mines Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$13,006,200
|
| Greenshoe: | For 15%
|
| Units: | 4.09 million
|
| Price: | C$3.18
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$4.00
|
| Underwriter: | Desjardins Securities Inc.
|
| Pricing date: | July 11
|
| Settlement date: | Aug. 7
|
| Stock symbol: | TSX Venture: ROK
|
| Stock price: | C$3.35 at close July 11
|
| Stock price: | C$2.87 at close Aug. 7
|
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