New Issue: Rocmec Mining seals C$1.12 million private placement of stock and units

By Devika Patel

Knoxville, Tenn., Dec. 17 - Rocmec Mining Inc. said it raised C$1.12 million in a private placement of stock and units.

The company sold 9,581,426 flow-through shares at C$0.105 each. It also sold 983,333 units of one flow-through common share and a half-share warrant at C$0.12 per unit.

The whole warrants are exercisable at C$0.15 for two years.

Based in Pointe-Claire, Quebec, Rocmec is a precious metals exploration company.

Issuer:	Rocmec Mining Inc.
Issue:	Flow-through shares, units of one flow-through common share and a half-share warrant
Amount:	C$1,124,050
Settlement date:	Dec. 17
Stock symbol:	TSX Venture: RMI
Stock price:	C$0.07 at close Dec. 17
Market capitalization:	C$11.9 million
Shares
Amount:	C$1,006,050
Shares:	9,581,426
Price:	C$0.105
Warrants:	No
Units
Amount:	C$118,000
Units:	983,333
Price:	C$0.12
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.15

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