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ROKMASTER ANNOUNCES PLAN TO SPIN OUT COPPER AND ZINC PROJECTS
ROKMASTER ANNOUNCES PLAN TO SPIN OUT COPPER AND ZINC PROJECTS Canada NewsWire ...
About this update from Rokmaster Resources Corp.
[{"type":"text","content":"\n \n \n \n ROKMASTER ANNOUNCES PLAN TO SPIN OUT COPPER AND ZINC PROJECTS\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 26, 2022\n \n /CNW/ -\n \n \n Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1)\n \n (\"Rokmaster\"\n \n or the\n \n \"Company\")\n \n is pleased to announce that its Board of Directors has unanimously approved in principle the transfer of its interests in the Big Copper and Duncan Lake Zinc Projects (the \"\n \n Exploration Properties\n \n \") located in\n \n British Columbia, Canada\n \n to 4Metals Exploration Ltd. (\"\n \n 4Metals\n \n \" or \"\n \n SpinCo\n \n \"), a wholly owned subsidiary of Rokmaster, followed by a pro rata distribution of the common shares of SpinCo (the \"\n \n SpinCo Shares\n \n \") to the shareholders of Rokmaster (the \"\n \n Spinout\n \n \").\n \n \n \n \n \n \n \n \n \n Upon the completion of the Spinout, Rokmaster shareholders will own shares in: (i) 4Metals, which will focus on: (a) the Big Copper Project, a high-grade copper-silver occurrence hosted in mid-Proterozoic rocks in which Rokmaster holds a 55% interest; and (b) the 100%-owned Duncan Lake Zinc Project, which is a series of carbonate hosted zinc-lead-silver deposits located near Duncan Lake in southern British Columbia; and (ii) Rokmaster, which will continue to advance the Revel Ridge Polymetallic Gold Project, also in\n \n British Columbia\n \n .\n \n \n \n John Mirko\n \n , Rokmaster's President and CEO stated, \"Further to our news releases of\n \n November 24, 2021\n \n on the Big Copper Project and\n \n December 20, 2021\n \n on the Duncan Lake Zinc Project, we believe that the Spinout will unlock and increase shareholder value by allowing the capital markets to attribute value to these two exploration properties independently of the Revel Ridge Project. The Spinout will also provide Rokmaster shareholders the opportunity to realize the growth and potential associated with the recent resurgence in copper, zinc and silver prices and the sig...