Business
Rokmaster Announces C$1.8M Flow-Through Financing and up to a C$2.0M Non-Flow-Through Financing, Including a Strategic Investment by a Syndicate Led by Palisades Goldcorp Ltd.
Rokmaster Announces C$1.8M Flow-Through Financing and up to a C$2.0M Non-Flow-Through Fina...
About this update from Rokmaster Resources Corp.
[{"type":"text","content":"\n\n\n\nRokmaster Announces C$1.8M Flow-Through Financing and up to a C$2.0M Non-Flow-Through Financing, Including a Strategic Investment by a Syndicate Led by Palisades Goldcorp Ltd.\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, April 27, 2020\n\n\n\nTSXV: RKRFrankfurt: 1RROTC Pink: RKMSF\n VANCOUVER, April 27, 2020 /CNW/ - Rokmaster Resources Corp. (\"Rokmaster\" or the \"Company\") is pleased to announce that it has retained Ascenta Finance Corp. (\"Ascenta\") to arrange a non-brokered financing (the \"Financing\") involving the sale of 8,000,000 flow-through units (the \"Flow-Through Units\") and the sale of up to 9,090,909 non-flow-through units (the \"Non-Flow-Through Units\" and together with the Flow-Through Units, the \"Units\").\nThe Flow-Through Units are priced at $0.225 per unit, with each Flow-Through Unit being comprised of one flow-through common share of the Company (a \"Flow-Through Share\") and one transferrable share purchase warrant to purchase one non-flow-through common share of the Company (a \"Warrant Share\") at a price of $0.30 per Warrant Share for a period of three years. \nThe Non-Flow-Through Units are priced at $0.22 per unit, with each Non-Flow-Through Unit being comprised of one common share of the Company (a \"Common Share\") and one transferrable share purchase warrant (a \"NFT Warrant\") to purchase one Warrant Share at a price of $0.30 for a period of three years, subject to an acceleration provision (the \"Acceleration Provision\") whereby if at any time after four months after the date of completion of the Financing the Company's common shares have a closing price equal to or greater than $0.60 per common share for ten (10) consecutive trading days on the TSX Venture Exchange (\"TSX-V\"), the Company shall thereafter be entitled to give notice to the holders of the NFT Warrants, by news release, that such warrants will expire at 5:00 p.m. (Vancouver time) on that date which is 20 days after the date of such news release unless exercised before the expiry of that period.\nThe Flow-Through Sh...