By Laura Lutz
Des Moines, Feb. 13 - Rocmec Mining Inc. settled a private placement of units for C$1.5 million.
The company sold 6,818,182 units of one share and one warrant at C$0.22 per unit. Each warrant is exercisable for two years, at C$0.28 in the first year and at C$0.35 in the second year.
HDL Capital Corp. was the lead agent.
Proceeds will be used for underground development and a surface drill program.
Rocmec also priced a private placement of flow-through shares for C$300,300. The company plans to sell 1.155 million flow-through shares at C$0.26 each in that deal.
Rocmec is a metals exploration and development company based in Pointe-Claire, Quebec.
Issuer: | Rocmec Mining Inc.
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Issue: | Units of one share and one warrant
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Amount: | C$1.5 million
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Units: | 6,818,182
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Price: | C$0.22
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Warrants: | One per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.28 in the first year; C$0.35 in the second year
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Agent: | HDL Capital Corp.
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Settlement date: | Feb. 13
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Stock symbol: | TSX Venture: RMI
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Stock price: | C$0.225 at close Feb. 13
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