01:58:05 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Rokmaster Resources Corp (2)
Symbol RKR
Shares Issued 139,695,023
Close 2023-01-03 C$ 0.08
Market Cap C$ 11,175,602
Recent Sedar Documents

Rokmaster settles warrants, royalty at Duncan

2023-01-04 08:59 ET - News Release

Mr. John Mirko reports

ROKMASTER SETTLES SPECIAL WARRANTS AND ACQUIRES ADDITIONAL MINERAL CLAIMS AT DUNCAN LAKE ZINC PROJECT

In preparation of completing the planned spinout of the Duncan Lake zinc project to Rokmaster Resources Corp.'s wholly owned subsidiary, 4Metals Exploration Ltd. (see news release dated Jan. 26, 2022), Rokmaster Resources has entered into a termination agreement (TA) and a property purchase agreement (PPA).

The TA is with the three vendors of the Duncan project (see news release dated Nov. 2, 2016) and calls for the cancellation of all their special warrants in the company and their 2.5-per-cent net smelter return royalty on the company's 100-per-cent-owned Duncan project in consideration of Rokmaster issuing them an aggregate of three million Rokmaster common shares.

The PPA is to acquire a 100-per-cent interest in two important claim blocks totalling 1,627 hectares south of the Duncan project by issuing two million Rokmaster common shares to the vendors.

The vendors of the TA and the PPA are arm's-length third parties, and the issuance of the settlement shares and the purchase price shares is subject to receipt of regulatory approval.

We seek Safe Harbor.

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