22:02:10 EDT Wed 10 Jun 2026
Enter Symbol
or Name
USA
CA



Smooth Rock Ventures Corp (3)
Symbol SMRV
Shares Issued 19,609,087
Close 2026-06-10 C$ 0.30
Market Cap C$ 5,882,726
Recent Sedar+ Documents

Smooth Rock Ventures arranges $750,000 financing

2026-06-10 19:47 ET - News Release

Mr. Michael Ruggles reports

SMOOTH ROCK ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Smooth Rock Ventures Corp. has arranged a non-brokered private placement of up to three million units of the company at a price of 25 cents per unit for aggregate gross proceeds of $750,000. Each unit shall consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the company at an exercise price of 35 cents per warrant share for a period of 36 months from the closing date of the private placement, provided that, if the closing price of the shares of the company is $1 or greater per share for five consecutive days at any time after the closing date, the company may accelerate the warrant term such that the warrants shall expire on the date that is 30 days following the date a news release is issued by the company announcing the reduced warrant term.

The proceeds from the private placement will be used to advance the company's exploration portfolio and for general working capital purposes.

In consideration of the introduction to the company of investors in the private placement, finders' fees may be paid in cash and/or securities of the company in accordance with applicable securities laws and TSX Venture Exchange policies. Completion of the private placement will be subject to receipt of all necessary regulatory approvals, including approval of the TSX-V.

The securities issued in connection with the private placement will be subject to a statutory four-month hold period under applicable Canadian securities laws commencing on the closing date.

About Smooth Rock Ventures Corp.

Smooth Rock Ventures is a United States-based exploration-stage company engaged in the acquisition and exploration of mineral properties, primarily in the prolific Walker Lane mineral belt located in Nevada. The company owns a 100-per-cent undivided interest in the Palmetto gold project, which consists of 116 unpatented mining claims totalling 2217 acres located in Esmeralda county, Nevada. The project hosts a National Instrument 43-101-compliant mineral resource estimation. Palmetto has seen significant exploration work completed to date by numerous companies, including Newmont Gold, Phelps Dodge Corp, Romarco Minerals and most recently by ML Gold Corp. The initial discovery hole in 1988 was drilled by Phelps Dodge and bonanza gold-silver veins were subsequently drilled by Romarco Minerals in 1997 to 2002.

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