ROKMASTER CLOSES PRIVATE PLACEMENT

About this update from Rokmaster Resources Corp.

[{"type":"text","content":"\n \n \n \n ROKMASTER CLOSES PRIVATE PLACEMENT\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 \n VANCOUVER, BC\n \n \n ,\n \n \n July 14, 2023\n \n \n /CNW/ - 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 it has closed its non-brokered financing (the \"\n \n Financing\n \n \") with the issuance of 10,000,000 units at a price of\n \n $0.05\n \n per unit (a \"\n \n Unit\n \n \") for gross proceeds of\n \n $500,000\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit is comprised of one common share of the Company and one-half (1/2) non-transferrable common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company (a \"\n \n Warrant Share\n \n \") at a price of\n \n $0.09\n \n per Warrant Share for a period of one year expiring on\n \n July 14, 2024\n \n (the \"\n \n Expiry Date\n \n \"), subject to the Acceleration Provision.\n \n \n If at any time prior to the Expiry Date, the Company's common shares trade at or above a price of\n \n $0.15\n \n per common share on the TSX Venture Exchange (the \"\n \n Exchange\n \n \") for a period of 10 consecutive trading days commencing four months plus one day after the issue date, the Company may, at its option, accelerate the Expiry Date by issuing a press release announcing such acceleration (the \"\n \n Acceleration Press Release\n \n \"), and, in such case, the Expiry Date shall be deemed to be the 30th day following the date of issuance of the Acceleration Press Release (the \"Acceleration Provision\").\n \n \n Certain insiders of the Company acquired\n \n $245,000\n \n of the Financing and as such a portion of the Financing is considered a related party transaction as defined in the Exchange's Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"\n \n MI 61-101\n \n \").The Company is relying upon the exemption from the formal valuation and minority shareholder approval r...

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