Philip F. Cunningham Exercises Roxmark Warrants

About this update from Atlas Salt Inc

[{"type":"text","content":"\n\n\n\nTORONTO, Nov. 18 /CNW Telbec/ - Philip F. Cunningham ("Cunningham"), 801-\n80 Richmond St. West, Toronto, Ontario, M5H 2A4, announced today that he has\nacquired ownership and control over 5,000,000 common shares (the "Shares") of\nRoxmark Mines Limited ("Roxmark") (TSXV: RMK) pursuant to the exercise of\ncommon share purchase warrants. The acquisition was a private transaction. The\nShares, which were acquired at an exercise price of $0.10 per Share, represent\n3.02% of the current issued and outstanding common shares of Roxmark.\n\n\nFollowing completion of the acquisition, Cunningham owns and exercises\ncontrol over an aggregate of 36,668,000 common shares of Roxmark, representing\napproximately 22.11% of the current issued and outstanding common shares of\nRoxmark, as well as 250,000 stock options to acquire common shares of Roxmark.\nIf Cunningham were to exercise such stock options, the 250,000 common shares\nissued thereunder, together with the 36,668,000 common shares currently held,\nwould represent approximately 22.23% of the issued and outstanding common\nshares of Roxmark at such time.\n\n\nThe Shares were acquired by Cunningham for investment purposes.\nCunningham may, from time to time, increase or decrease his ownership of\nsecurities of Roxmark depending upon future market conditions.\n\n\n","length":1401,"tagName":"div"}]

More updates from Atlas Salt Inc