Proceeds of deal slated for exploration on Pinaya Gold-Copper Project
By Devika Patel
Knoxville, Tenn., Sept. 24 - Rokmaster Resources Corp. said it took in C$1.14 million in the second and final tranche of a C$1.53 million non-brokered private placement of units. The deal priced for C$1 million on July 17 and raised C$388,000 on Sept. 6.
The company sold 6.12 million units of one common share and a warrant at C$0.25 per unit. It sold 1,552,000 units in the initial tranche and 4,568,000 units in the second tranche.
Each warrant is exercisable at C$0.35 for two years. The strike price reflects a 75% premium to the July 16 closing share price of C$0.20.
Proceeds will be used for exploration on the Pinaya Gold-Copper Project and general working capital purposes.
The gold and silver and base metals explorer is based in Vancouver, B.C.
| Issuer: | Rokmaster Resources Corp.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$1.53 million
|
| Units: | 6.12 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35
|
| Agent: | Non-brokered
|
| Pricing date: | July 17
|
| Settlement dates: | Sept. 6 (for C$388,000), Sept. 24 (for C$1,142,000)
|
| Stock symbol: | TSX Venture: RKR
|
| Stock price: | C$0.20 at close July 16
|
| Market capitalization: | C$6.14 million
|
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