Roxmark completes another $1 million flow-through financing with MineralFields Group

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[{"type":"text","content":"\n\n\n\nTORONTO, Nov. 5 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) (CNQ -\nRMKL) today announced the completion of a $1 million non-brokered private\nplacement financing with MineralFields Group of Toronto, a leading mining\nfund. This is the second Roxmark financing with MineralFields in 2007.\n\n\nGross proceeds of $1 million were received in consideration of the\nissuance of 3,333,332 flow-through units at a price of $0.30 per unit. Each\nunit consists of one common share and one common share purchase warrant of the\nCompany issued on a "flow-through" basis. Each warrant entitles the holder to\npurchase one common share of the Company at a price of $0.40 until November 2,\n2008 and at $0.55 thereafter until November 2, 2009. The warrants are subject\nto an accelerated expiry date under certain conditions. The securities issued\npursuant to the financing are subject to a four-month hold period until\nMarch 3, 2008.\n\n\nRoxmark paid finder's fees to Limited Market Dealer Inc. in the amount of\na cash commission of 5% of the proceeds and granted 333,333 non-transferable\nfinder's options, each exercisable at $0.30 per option until November 2, 2009\nto acquire a unit of securities of the Company comprised of one common share\nand one common share purchase warrant. Such common share purchase warrant\nshall be exercised on the same terms as the warrants issued under the\noffering.\n\n\nProceeds of the private placement will be used to fund the exploration\nand development program to advance Roxmark's holdings of gold and molybdenum\nproperties in the Geraldton-Beardmore mining camp in Northern Ontario.\n\n\nAbout MineralFields, Pathway and First Canadian Securities (R)\n\n\nMineralFields Group (a division of Pathway Asset Management) is a\nToronto-based mining fund with significant assets under administration that\noffers its tax-advantaged super flow-through limited partnerships to investors\nthroughout Canada during most of the calendar year, as well as hard-dollar\nresource limited partnerships to investors throughout the world. Pathway Asset\nManagement also specializes in the manufacturing and distribution of\nstructured products and mutual funds. Information about MineralFields Group is\navailable at www.mineralfields.com . First Canadian Securities(R), a division\nof Limited Market Dealer Inc., is active in...

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