By Devika Patel
Knoxville, Tenn., Feb. 26 - Rolling Rock Resources Corp. said it has settled a C$1.2 million non-brokered private placement of units.
The company sold 6 million units at C$0.20 per unit. Each unit consists of one common share and one warrant. The warrants are exercisable at C$0.30 until Feb. 25, 2012.
Proceeds will be used for exploration of the company's Manitoba gold projects and for general working capital.
Vancouver, B.C.-based Rolling Rock is a mineral exploration company.
Issuer: | Rolling Rock Resources Corp.
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Issue: | Units of one common share and one warrant
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Amount: | C$1.2 million
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Units: | 6 million
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Price: | C$0.20
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Warrants: | One warrant per unit
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Warrant expiration: | Feb. 25, 2012
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Warrant strike price: | C$0.30
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Agent: | Non-brokered
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Settlement date: | Feb. 26
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Stock symbol: | TSX Venture: RLL
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Stock price: | C$0.155 at close Feb. 25
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Market capitalization: | C$6.72 million
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