Company offers common shares, 18-month warrants at C$0.05 per unit
By Devika Patel
Knoxville, Tenn., May 6 - Rockridge Capital Corp. said it increased its non-brokered private placement of units to C$1.26 million from C$1 million. The deal priced on April 12.
The company will now sell 25.2 million units of one common share and one warrant at C$0.05 per unit. Each 18-month warrant will be exercisable at C$0.10. The strike price is a 100% premium to C$0.05, the April 11 closing share price.
Settlement is expected on May 15.
Proceeds will be used for exploration on the Fatou Gold project in Mali and general working capital purposes.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Rockridge Capital Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.26 million
|
| Units: | 25.2 million
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | April 12
|
| Upsized: | May 6
|
| Settlement date: | May 15
|
| Stock symbol: | TSX Venture: RRC
|
| Stock price: | C$0.05 at close April 11
|
| Market capitalization: | C$4.17 million
|
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