By Devika Patel
Knoxville, Tenn., June 10 - Rocher Deboule Minerals Corp. said it is increasing a non-brokered private placement of units to C$1.21 million. The deal priced March 12 for C$500,000, and the company raised C$162,500 in the first tranche on April 24.
The company planned to sell 5 million units at C$0.10 apiece. It sold 1,625,000 units in the first tranche and now plans to sell a total of 12,130,384 units at that price.
The units consist of one common share and one warrant. Each two-year warrant will be exercisable at C$0.15.
Based in Vancouver, B.C., Rocher is an exploration and development company focusing its attention on mineral properties and commodities used in the steel manufacturing industry.
| Issuer: | Rocher Deboule Minerals Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1,213,038.40
|
| Units: | 12,130,384
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.15
|
| Agent: | Non-brokered
|
| Pricing date: | March 12
|
| Upsized: | June 10
|
| Settlement date: | April 24 (for C$162,500)
|
| Stock symbol: | TSX Venture: RD
|
| Stock price: | C$0.09 at close March 12
|
| Market capitalization: | C$5.09 million
|
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