By Devika Patel
Knoxville, Tenn., Feb. 5 - Rolling Rock Resources Corp. said it raised C$1.32 million in a non-brokered private placement of units. The deal priced for C$1.38 million on Jan. 9.
The company sold 5.75 million units at C$0.23 apiece, down slightly from its planned sale of 6 million units at that price.
Each unit consists of one common share and one non-transferable warrant. Each warrant is exercisable at C$0.40 for one year.
Proceeds will be used for exploration and general corporate purposes.
Vancouver, B.C.-based Rolling Rock is a mineral exploration company.
| Issuer: | Rolling Rock Resources Corp.
|
| Issue: | Units of one common share and one non-transferable warrant
|
| Amount: | C$1,322,500
|
| Units: | 5.75 million
|
| Price: | C$0.23
|
| Warrants: | One per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 9
|
| Settlement date: | Feb. 5
|
| Stock symbol: | TSX Venture: RLL
|
| Stock price: | C$0.24 at close Jan. 8
|
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