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Rokmaster Closes $400,000 Final Tranche of Private Placement & Awards Micon International Limited Contract to Update the Preliminary Economic Assessment on Revel Ridge
Rokmaster Closes $400,000 Final Tranche of Private Placement & Awards Micon Internatio...
About this update from Rokmaster Resources Corp.
[{"type":"text","content":"\n\n\n\nRokmaster Closes $400,000 Final Tranche of Private Placement & Awards Micon International Limited Contract to Update the Preliminary Economic Assessment on Revel Ridge\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\nRokmaster Closes $400,000 Final Tranche of Private Placement & Awards Micon International Limited Contract to Update the Preliminary Economic Assessment on Revel Ridge\nCanada NewsWire\nVANCOUVER, March 4, 2020\n\n\n\nTSXV: RKRFrankfurt: 1RROTC Pink: RKMSF\n VANCOUVER, March 4, 2020 /CNW/ - Rokmaster Resources Corp. (the \"Company\") wishes to announce that it has closed the final tranche of its non-brokered private placement with the issuance of 6,666,667 units at a price of $0.06 per unit (a \"Unit\") for gross proceeds of $400,000. Each Unit is comprised of one common share of the Company and one non-transferable common share purchase warrant exercisable to purchase one additional common share of the Company at a price of $0.10 for a period of two years expiring on March 4, 2022 and subject to an acceleration clause, further detailed in the Company's news release dated January 2, 2020. All securities issued with respect to the first tranche are subject to a hold period expiring on July 5, 2020.\nIn connection with the closing of the final tranche, the Company paid cash finder's fees of $23,280 and issued 388,000 finder's Compensation Options, in aggregate, to Leede Jones Gable Inc., PI Financial Corp. and Ascenta Finance Corp. Each Compensation Option entitles the holder to purchase one Unit at 0.06 per Unit for a period of one year expiring on March 4, 2021. The Units have the same terms as the Units issued to the subscribers of the private placement.\nProceeds from the private placement will be used to update a historical Preliminary Economic Assessment (PEA) and exploration work related to the Revel Ridge Project and for general working capital purposes. The PEA will incorporate the new Mineral Resource Estimate reported in a technical report (\"see Rokmaster News Release dated, February 25, 2020) titled: \"Updated Technical Report on th...