By Sheri Kasprzak
New York, May 11 - Roca Mines Inc. priced a C$10,011,000 private placement of shares.
The deal includes up to 14.1 million shares at C$0.71 each.
Placement agent Salman Partners Inc. has a greenshoe for up to 20% of the offering size.
The proceeds will be used for construction costs associated with the company's Max molybdenum project in British Columbia.
The deal is scheduled to close June 8.
Roca is a mineral exploration company based in Vancouver, B.C.
| Issuer: | Roca Mines Inc.
|
| Issue: | Stock
|
| Amount: | C$10,011,000 (maximum)
|
| Units: | 14.1 million (maximum)
|
| Greenshoe: | For up to 20% of the offering size
|
| Price: | C$0.71
|
| Warrants: | No
|
| Placement agent: | Salman Partners Inc.
|
| Pricing date: | May 11
|
| Settlement date: | June 8
|
| Stock symbol: | TSX Venture: ROK
|
| Stock price: | C$0.75 at close May 11
|
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