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Rokmaster Closes C$4.3 Million First Tranche, Including a Strategic Investment by a Syndicate Led by Palisades Goldcorp Ltd.
Rokmaster Closes C$4.3 Million First Tranche, Including a Strategic Investment by a Syndic...
About this update from Rokmaster Resources Corp.
[{"type":"text","content":"\n\n\n\nRokmaster Closes C$4.3 Million First Tranche, 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, May 25, 2020\n\n\n\nTSXV: RKR Frankfurt: 1RR OTC Pink: RKMSF \n VANCOUVER, May 25, 2020 /CNW/ - Rokmaster Resources Corp. (\"Rokmaster\" or the \"Company\") is pleased to announce that it has closed the first tranche of the non-brokered financing (the \"Financing\") involving the issuance of flow-through units (the \"Flow-Through Units\") and non-flow-through units (the \"Non-Flow-Through Units\" and together with the Flow-Through Units, the \"Units\").\nPursuant to the Financing, the Company issued a total of 8,888,889 Flow-Through Units at $0.225 per unit, for gross proceeds of $2,000,000, and 10,663,637 Non-Flow-Through Units at $0.22 per unit, for gross proceeds of $2,346,000, for aggregate gross proceeds from the Financing of $4,346,000.  \nEach Flow-Through Unit is 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. \nEach Non-Flow-Through Unit is 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\"). If at any time after September 23, 2020, 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, 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.\nIn connection with...