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Rokmaster Resources Announces Private Placement
VANCOUVER, BC, Feb. 7, 2023 /CNW/ - Rokmaster Resources Corp. (TSX: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") is pleased to announce a non-
About this update from Rokmaster Resources Corp.
[{"type":"text","content":" VANCOUVER, BC, Feb. 7, 2023 /CNW/ - Rokmaster Resources Corp. (TSX: RKR) (OTCQB: RKMSF) (FSE: 1RR1) (\"Rokmaster\" or the \"Company\") is pleased to announce a non-brokered private placement for a total of up to $500,000 (the \"Private Placement\") involving the sale of up to 5,000,000 units (the \"Units\") at a price of $0.10 per Unit. Each Unit will consist of one common share plus one-half (1/2) non-transferable share purchase warrant (the \"Warrants\"). Each whole warrant will entitle the holder to purchase one common share of the Company (a \"Warrant Share\") at $0.175 per Warrant Share for a period of one year. The Warrants are subject to an accelerated expiry date, at the Company's option, which comes into effect when the trading price on the TSX Venture Exchange (the \"Exchange\") of the Company's common shares closes at or above $0.25 per share during any 10 consecutive trading day period commencing four months plus one day after the date of issuance. If the Company decides to accelerate the expiry date of the Warrants, the Company will give an expiry acceleration notice by issuing a press release (the \"Notice\") announcing the acceleration and in such case, the expiry date shall be deemed to be the 30th calendar day following the date of issuance of the Notice. Certain directors, officers, and insiders of the Company may acquire securities under the Private Placement, which participation would be considered to be a \"related party transaction\" as defined under Multilateral Instrument 61-101 (\"MI 61-101\"). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. The Company may pay finder's fees in relation to the Private Placement. This non-brokered private placement is subject to Exchange approval. All shares issued pursuant to this Private Placement and any shares issued pursuant to the exercise of Warrants will be subject to a four-month and one day hold period from the closing date and are not being offered or registered in the United States. The Company may complete a portion of the Private Placement pursuant to the conditions described in Multilateral CSA Notice 45-318 - Prospectus Exemption for Certain Distributions through an Investment Dealer (\"CSA 45-318\") and the corresponding instruments, orders and ru...