14:12:02 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Rokmaster Resources Corp (2)
Symbol RKR
Shares Issued 112,906,619
Close 2022-02-14 C$ 0.26
Market Cap C$ 29,355,721
Recent Sedar Documents

Rokmaster closes $2.71M first tranche of financing

2022-02-15 09:38 ET - News Release

Mr. John Mirko reports

ROKMASTER CLOSES $2.7 MILLION FIRST TRANCHE OF FINANCING

Rokmaster Resources Corp. has closed the first tranche of its non-brokered financing through the issuance of 10,853,000 units at a price of 25 cents per unit for gross proceeds of $2,713,250.

Each unit comprises one common share of the company and one non-transferable common share purchase warrant to purchase one additional common share of the company at a price of 45 cents for a period of two years, expiring on Feb. 14, 2024, subject to an acceleration provision.

If, at any time prior to the expiry date, the company's common shares trade at or above a price of 65 cents per common share on the TSX Venture Exchange for a period of 10 consecutive trading days commencing four months and 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 on June 15, 2022, and were not offered or registered in the United States.

In connection with the closing of the first tranche, the company paid cash finders' fees in the aggregate of $150,378 and issued a total of 601,510 finders' warrants to certain finders. Each finder's warrant entitles the holder to purchase one warrant share at a price of 45 cents for a period of two years, expiring on Feb. 14, 2024, and is also subject to the acceleration provision above.

Proceeds from the financing will be used to finance the Revel Ridge project and for general working capital purposes.

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements 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 located in Southern British Columbia in regions of excellent infrastructure.

We seek Safe Harbor.

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