Non-brokered offering consists of 6 million units sold at C$0.25 each
By Devika Patel
Knoxville, Tenn., Feb. 29 - Rockridge Capital Corp. said it plans a C$1.5 million non-brokered private placement of units.
The company will sell 6 million units of one common share and one warrant at C$0.25 per unit, with each 18-month warrant exercisable at C$0.35. The strike price is a 2.94% premium to the Feb. 28 closing share price of C$0.34.
Proceeds will be used as general working capital.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Rockridge Capital Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 6 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.35
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 29
|
| Stock symbol: | TSX Venture: RRC
|
| Stock price: | C$0.34 at close Feb. 28
|
| Market capitalization: | C$20.96 million
|
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