By Devika Patel
Knoxville, Tenn., Dec. 9 - Roxmark Mines Ltd. announced it has completed another C$1 million private placement with MineralFields Group. This is the third private placement the companies have conducted together.
In this deal, Roxmark sold 14,285,712 flow-through units at C$0.07 per unit. Each unit consists of one flow-through share and one warrant. Each two-year warrant is exercisable at C$0.15 for the first year and at C$0.20 thereafter.
Proceeds will be used for exploration and development.
Roxmark is a resource exploration and development company based in Toronto.
| Issuer: | Roxmark Mines Ltd.
|
| Issue: | Units of one flow-through share and one warrant
|
| Amount: | C$1 million
|
| Units: | 14,285,712
|
| Price: | C$0.07
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.15 for first year, C$0.20 for second year
|
| Investor: | MineralFields Group
|
| Settlement date: | Dec. 9
|
| Stock symbol: | TSX Venture: RMK
|
| Stock price: | C$0.065 at close Dec. 8
|
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