By Devika Patel
Knoxville, Tenn., Jan. 16 - Roca Mines Inc. said it has increased a non-brokered private placement of units to C$2.5 million. The deal priced for C$1 million on Thursday.
The company now plans to sell 10 million units at C$0.25 per unit, lifted from 4 million units.
Each unit comprises one share and one warrant. Each warrant remains exercisable at C$0.35 for two years.
Proceeds will be used for general working capital.
Roca is a mining and exploration company based in Vancouver, B.C.
| Issuer: | Roca Mines Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2.5 million
|
| Units: | 10 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 15
|
| Upsized: | Jan. 16
|
| Stock symbol: | TSX Venture: ROK
|
| Stock price: | C$0.35 at close Jan. 15
|
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