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Rokmaster Plans Private Placement for Revel Ridge Project
Rokmaster Plans Private Placement for Revel Ridge Project Canada NewsWire VANCOU...
About this update from Rokmaster Resources Corp.
[{"type":"text","content":"\n\n\n\nRokmaster Plans Private Placement for Revel Ridge Project\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, Jan. 2, 2020\n\n\n\n(TSXV): RKR(Frankfurt): 1RR(OTC Pink): RKMSF\n VANCOUVER, Jan. 2, 2020 /CNW/ - Rokmaster Resources Corp. (\"Rokmaster\" or the \"Company\") is pleased to announce a non-brokered private placement financing of up to 8,333,333 units at a price of $0.06 per unit (a \"Unit\") for gross proceeds of up to $500,000 (the \"Private Placement\"). Each Unit consists of one common share of the Company (a \"Share\") and one non-transferable share purchase warrant (a \"Warrant\"). Each Warrant is exercisable to purchase one additional common share of the Company (a \"Warrant Share\") for a period of two years from the date of closing of the Private Placement at an exercise price of $0.10 per Warrant.\nThe Warrants are subject to an accelerated expiry date, which comes into effect when the trading price on the TSX Venture Exchange of the Company's common shares closes at or above $0.12 per share during any 20 day consecutive trading day period commencing four months plus one day after the date of issuance. In such event, the Company will give an expiry acceleration notice (the \"Notice\") to Warrant holders and the expiry date of the Warrants will be 30 days from the date of the Notice.\nProceeds from the Private Placement will be used to fund the preparation of an updated National Instrument 43-101 compliant Preliminary Economic Assessment Technical Report on the Company's recently optioned Revel Ridge Project (see News Release dated December 30, 2019) and for general working capital purposes. The offering is expected to close on or before February 3, 2020 and should the Private Placement be oversubscribed, the Company reserves the right to accept additional funds, subject to regulatory approval.\nThe Company may pay a finder's fee to certain third parties of up to 8% in cash and up to 8% in compensation options of the Company or a combination thereof, in connection with the proceeds received by the Company by the sale of U...