By Sheri Kasprzak
New York, March 2 - Roca Mines Inc. said it has negotiated a C$2 million non-brokered private placement.
The offering includes 5 million shares.
Sprott Asset Management Inc. will subscribe for half of the offering.
Proceeds will be used for the development of the company's MAX Molybdenum project and for working capital.
Based in Vancouver, B.C., Roca is a mineral exploration company.
| Issuer: | Roca Mines Inc.
|
| Issue: | Stock
|
| Amount: | C$2 million (maximum)
|
| Shares: | 5 million (maximum)
|
| Price: | C$0.40
|
| Warrants: | No
|
| Investors: | Sprott Asset Management Inc. (lead)
|
| Placement agent: | Non-brokered
|
| Pricing date: | March 1
|
| Stock symbol: | TSX Venture: ROK
|
| Stock price: | C$0.455 at close March 1
|
|
|
© 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.
