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ROK RESOURCES ANNOUNCES UPSIZE TO BOUGHT DEAL PUBLIC OFFERING TO $15 MILLION
ROK RESOURCES ANNOUNCES UPSIZE TO BOUGHT DEAL PUBLIC OFFERING TO $15 MILLION Ca...
About this update from Rok Resources, Inc. Class B
[{"type":"text","content":"\n \n \n \n ROK RESOURCES ANNOUNCES UPSIZE TO BOUGHT DEAL PUBLIC OFFERING TO $15 MILLION\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n REGINA, SK\n \n ,\n \n Feb. 4, 2022\n \n /CNW/ - ROK Resources Inc. (\"\n \n ROK\n \n \" or the \"\n \n Company\n \n \") (TSXV: ROK) is pleased to announce that it has amended the terms of its previously announced offering of Subscription Receipts (as defined below), subject to TSX Venture Exchange (the \"\n \n Exchange\n \n \") approval and any conditions related thereto. Under the amended terms of the Offering (as defined below), a syndicate of underwriters led by Echelon Capital Markets (the \"\n \n Underwriters\n \n \") have agreed to purchase 83,334,000 Subscription Receipts (the\n \n \"\n \n \n Subscription Receipts\n \n \n \"\n \n ) from the treasury of the Company, at a price of\n \n $0.18\n \n per Subscription Receipt (the \"\n \n Issue Price\n \n \") and offer them to the public by way of short-form prospectus for total gross proceeds of\n \n $15,000,120\n \n (the \"\n \n Offering\n \n \").\n \n \n \n \n \n \n \n \n \n Each Subscription Receipt will entitle the holder thereof to receive, upon the satisfaction of certain conditions, including the completion of the Acquisition (as defined below), and without payment of additional consideration or further action, one unit (a \"\n \n Unit\n \n \"), consisting of one common share of the Company (each a \"\n \n Common Share\n \n \") and one Common Share purchase warrant (each a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to acquire one additional Common Share at an exercise price of\n \n $0\n \n .25 for a period of 36 months from the closing date. The Company will apply to list the Common Shares and Warrants underlying the Unit on the Exchange.\n \n \n The Company has granted the Underwriters an option to purchase up to an additional 15% of the Subsc...