01:28:25 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Rokmaster Resources Corp (2)
Symbol RKR
Shares Issued 153,240,478
Close 2023-07-11 C$ 0.065
Market Cap C$ 9,960,631
Recent Sedar Documents

Rokmaster arranges $400,000 private placement

2023-07-12 15:54 ET - News Release

Mr. John Mirko reports

ROKMASTER ANNOUNCES PRIVATE PLACEMENT

Rokmaster Resources Corp. has arranged a non-brokered private placement financing of up to eight million units at a price of five cents per unit for gross proceeds of up to $400,000. Each unit consists of one common share of the company and one-half non-transferable share purchase warrant. Each warrant is exercisable to purchase one additional common share of the company for a period of one year from the date of closing of the private placement at an exercise price of nine cents per warrant.

The warrants are subject to an accelerated expiry date, which comes into effect when the trading price on the TSX Venture Exchange of the company's common shares closes at or above 15 cents per share for a period of 10 consecutive trading days commencing four months plus one day after the date of closing. In such event, the company may, at its option, accelerate the expiry date of the warrants by issuing a press release to the warrant holders and in such case, the expiry date of the warrants will be 30 days from the date of the notice.

Proceeds from the private placement will be used to finance the company's projects and for general working capital purposes. The company reserves the right to accept additional funds, subject to regulatory approval, should the private placement be oversubscribed.

Directors and officers of the company may acquire securities under the private placement, which participation would be considered to be a related party transaction as defined under Multilateral Instrument 61-101. Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The private placement is subject to TSX Venture Exchange approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month-and-one-day hold period from the closing date.

We seek Safe Harbor.

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