By Sheri Kasprzak
New York, March 30 - Rolling Rock Resources Corp. said it intends to raise C$6,808,000 from a private placement of flow-through shares and units of one share and one half-share warrant.
The non-brokered deal includes up to 2.5 million shares at C$0.74 each and up to 6.7 million units at C$0.74 each.
The price per share and price per unit is a 20.4% discount to the company's C$0.93 closing stock price on March 29.
The whole warrants associated with the units are exercisable at C$1.00 each for two years.
Vancouver, B.C.-based Rolling Rock is a mineral exploration company.
| Issuer: | Rolling Rock Resources Corp.
|
| Issue: | Flow-through shares and units of one share and one half-share warrant
|
| Amount: | C$6,808,000
|
| Placement agent: | Non-brokered
|
| Pricing date: | March 30
|
| Stock symbol: | TSX Venture: RLL
|
| Stock price: | C$0.93 at close March 29
|
|
|
| Flow-through shares
|
| Shares: | 2.5 million
|
| Price: | C$0.74
|
| Warrants: | No
|
|
|
| Units
|
| Units: | 6.7 million
|
| Price: | C$0.74
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
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