Business
ROCA - MAX Molybdenum Mine Production Financing
Apr. 28, 2011 (Canada NewsWire Group) -- TSX.V: ROK VANCOUVER, April 28 /CNW/ - Roca Mi...

About this update from Rok Resources, Inc. Class B
[{"type":"text","content":"\n\n\n Apr. 28, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX.V: ROK\n\n\nVANCOUVER, April 28 /CNW/ - Roca Mines Inc. (TSX-V: ROK) ("Roca" or "the Company") announces that it has arranged a $2.5\n million private placement with strategic investor SeAH Holdings Corp.\n ("SeAH"), a company based in Seoul, South Korea listed on the Korean\n stock exchange. Proceeds from the financing will be used to recommence\n production at the MAX molybdenum mine and for general working capital.\n\n\nThe financing is to comprise 10 million units of the Company at a price\n of $0.25 per unit, each unit consisting of one common share and one\n half of a share purchase warrant. Each full warrant will be exercisable\n into one common share of the Company for twelve months following\n closing at a price of $0.30.  Closing is subject to satisfactory due\n diligence and Republic of Korea and Canadian regulatory approval. No\n finder's fees will be payable in connection with this placement.\n\n\nSeAH is a public company listed on the Korean stock exchange. SeAH is\n the holding company of SeAH Group, established in 2001 by separating\n SeAH Steel's investment sector and is based in Seoul, South Korea. SeAH\n has 14 domestic and 22 overseas subsidiaries/operations with business\n areas in special steel producing, pipe manufacturing, IT and energy.\n SeAH Besteel Corp., the largest subsidiary of SeAH, is known as the #1\n special steel maker in Korea and the compa...