By Devika Patel
Knoxville, Tenn., Feb. 17 - Roca Mines Inc. said it settled a non-brokered private placement of units for C$2.44 million on Monday.
The deal priced for C$1 million on Jan. 15 and was lifted to C$2.5 million on Jan. 16. The first tranche settled for C$1.4 million on Jan. 27.
The company sold units at C$0.25 apiece. It sold 4.14 million units in the second tranche Monday.
Each unit is comprised of one share and one warrant. Each warrant is exercisable at C$0.35 until Feb. 13, 2011.
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$2,435,000
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Feb. 13, 2011
|
| Warrant strike price: | C$0.35
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 15
|
| Upsized: | Jan. 16
|
| Settlement date: | Jan. 27 (for C$1.4 million), Feb. 16 (for C$1,035,000)
|
| Stock symbol: | TSX Venture: ROK
|
| Stock price: | C$0.35 at close Jan. 15
|
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