13:29:18 EST Fri 27 Jan 2023
Enter Symbol
or Name
USA
CA



Rokmaster Resources Corp (2)
Symbol RKR
Shares Issued 105,185,212
Close 2021-12-29 C$ 0.345
Recent Sedar Documents

Rokmaster closes $3.29M placement

2021-12-30 07:16 ET - News Release

Mr. John Mirko reports

ROKMASTER CLOSES NON-BROKERED FINANCING OF APPROXIMATELY $3.3 MILLION

Rokmaster Resources Corp. has completed a non-brokered financing involving the issuance of flow-through units. Pursuant to the financing, the company issued a total of 7,671,407 flow-through units at 43 cents per unit, for gross proceeds of $3,298,705.

Each flow-through unit comprises one flow-through common share of the company and one-half of a non-transferable common share purchase warrant to purchase one non-flow-through common share of the company at a price of 50 cents per warrant share for a period of two years expiring on Dec. 29, 2023, subject to the acceleration provision.

If at any time prior to the expiry date, the company's common shares trade at or above a price of 60 cents per common share on the TSX Venture Exchange for a period of 10 consecutive trading days commencing four months plus one day after the issue date, the company may, at its option, accelerate the expiry date by issuing a press release announcing such acceleration, and, in such case, the expiry date shall be deemed to be the 30th day following the date of issuance of the acceleration press release.

The securities issued pursuant to the financing are subject to a four-month-and-one-day hold period expiring April 30, 2022, and were not offered or registered in the United States.

In connection with the closing of the financing, the company paid cash finders' fees in aggregate of $196,404, and issued a total of 228,377 finders' warrants to certain finders. Each finder's warrant entitles the holder to purchase one warrant share at a price of 50 cents for a period of two years expiring on Dec. 29, 2023, and is also subject to the acceleration provision above.

The gross proceeds raised from the sale of the flow-through shares will be used by the company for exploration financing that will qualify as Canadian exploration expenses, as that term is defined in the Income Tax Act (Canada) only.

Technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Eric Titley, PGeo, who is independent of Rokmaster and who acts as Rokmaster's qualified person.

About Rokmaster Resources Corp.

Rokmaster controls a portfolio of three significant exploration and development projects all of which are in Southern British Columbia in regions of excellent infrastructure.

We seek Safe Harbor.

© 2023 Canjex Publishing Ltd. All rights reserved.