Business
ROK Resources Announces Amendments to Private Placement Financing
Not for distribution to U.S. news wire services or dissemination in the United States RE...
About this update from Rok Resources, Inc. Class B
[{"type":"text","content":"ROK Resources Announces Amendments to Private Placement FinancingNot for distribution to U.S. news wire services or dissemination in the United StatesREGINA, SK / ACCESSWIRE / October 6, 2020 / ROK Resources Inc. (\"ROK\" or the \"Company\") (TSXV:ROK) announces that, pursuant to its previous news release dated August 28, 2020, it intends to amend the terms of its private placement financing to add warrants such that the financing will now consist of units of the Company (\"Units\"), with each Unit consisting of one common share in the capital of the Company (each a \"Common Share\") and one half of one common share purchase warrant (each full warrant, a \"Warrant\") at a price of $0.20 per Unit for gross proceeds of up to $2,000,000 (the \"Offering\"). Each Warrant will be exercisable for one Common Share at an exercise price of $0.30 per Warrant for a period of 2 years. The Offering is expected to be non-brokered (although the Company retains the right to pay finder's fees or commissions on issuances pursuant to the Offering) and is subject to approval of the TSX Venture Exchange, including the pricing and other material terms thereof.The Company expects to use the proceeds from the Offering for general corporate purposes as well as the operation and development of the assets recently acquired in the Glen Ewen area of Southern Saskatchewan pursuant to the Company's June 30, 2020 press release.About ROKROK is engaged in petroleum and natural gas exploration and development activities in Saskatchewan. Its head office is located in Regina, Saskatchewan, Canada and ROK's common shares are traded on the TSX Venture Exchange under the trading symbol \"ROK\".For further information, please contact:Cameron Taylor, President and CEOLynn Chapman, VP Finance and CFOPhone: (306) 522-0011Email: [email protected] Statement Regarding Forward-Looking InformationThis news release includes certain \"forward-looking statements\" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements ...