05:39:28 EDT Thu 03 Jul 2025
Enter Symbol
or Name
USA
CA



Rokmaster Resources Corp (2)
Symbol RKR
Shares Issued 163,240,478
Close 2025-06-10 C$ 0.03
Market Cap C$ 4,897,214
Recent Sedar Documents

Rokmaster Resources closes $450,000 private placement

2025-06-10 08:28 ET - News Release

Mr. John Mirko reports

ROKMASTER CLOSES $450,000 FINANCING

Rokmaster Resources Corp. has closed the non-brokered financing announced on April 4, 2025, involving the issuance of flow-through shares and non-flow-through units for total gross proceeds of $450,000.

Pursuant to the financing, the company issued a total of 6.25 million FT shares at four cents per FT share, for gross proceeds of $250,000, and 10 million NFT units at two cents per NFT unit, for gross proceeds of $200,000.

Each NFT unit will consist of one common share plus one-half non-transferable share purchase warrant. Each whole warrant is exercisable to purchase one additional common share of the company at five cents for a period of two years, expiring on June 9, 2027. 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 10 cents per share for a period of 10 consecutive trading days commencing on Oct. 10, 2025. In such event, the company may, at its option, accelerate the expiry date of the warrants by issuing a press release to the warrantholders, and in such case, the expiry date of the warrants will be 30 days from the date of the notice.

The securities issued pursuant to the financing are subject to a four-month-and-one-day hold period, expiring Oct. 10, 2025, and were not offered or registered in the United States.

The gross proceeds raised from the sale of the FT 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). The net proceeds raised from the sale of the NFT units will be used by the company on non-flow-through eligible exploration project expenses, share issuance costs related to the financing, as well as for general working capital purposes which do not include payments to non-arm's-length parties, investor relations activities and for specific expenses representing 10 per cent or more of the gross proceeds from the issuance of NFT units.

Certain insiders of the company acquired a total of $45,000 of the NFT units, and as such, a portion of the financing is considered a related party transaction, as defined in the exchange's Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is relying upon the exemption from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the shares subscribed for nor the consideration paid for the shares exceeds 25 per cent of the company's market capitalization.

We seek Safe Harbor.

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