Proceeds of deal slated for exploration on Pinaya Gold-Copper Project
By Devika Patel
Knoxville, Tenn., April 22 - Rokmaster Resources Corp. said it raised C$1 million in the first tranche of a non-brokered private placement of units. The deal priced for C$3.5 million on Feb. 18 and was revised to raise C$3 million on April 11.
The company is selling 30 million units of one common share and a warrant at C$0.10 per unit. It sold 10 million units in the initial tranche.
Each warrant is exercisable at C$0.20 for two years, with the first-tranche warrants expiring on April 21, 2016. The strike price reflects a 100% premium to the Feb. 17 closing share price of C$0.10.
Proceeds will be used for exploration on the company's Pinaya Gold-Copper Project in Peru 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$3 million
|
| Units: | 30 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years, April 21, 2016
|
| Warrant strike price: | C$0.20
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 18
|
| Amended: | April 11
|
| Settlement date: | April 22 (for C$1 million)
|
| Stock symbol: | TSX Venture: RKR
|
| Stock price: | C$0.10 at close Feb. 17
|
| Market capitalization: | C$3.76 million
|
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