TORONTO, Feb. 21 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) today announced that 1,678,334 warrants have been exercised at a price of $0.17 per warrant for gross proceeds of $285,317. The warrants exercised, representing 61% of those available for exercise, were issued in connection with private placements that closed in 2006 and were due to expire on February 13, 2008. The funds received will be used to supplement general corporate working capital.
About Roxmark Mines
Roxmark Mines Limited is the leader in gold and molybdenum exploration and development in the historically significant Geraldton-Beardmore area of Northwest Ontario. In the last two years, Roxmark has generated cash flow from bulk-sampled gold and molybdenum processed at its fully-permitted mill and has the advantage of infrastructure from six formerly highly productive gold mines located on its properties. These mines previously produced nearly two million ounces of gold from high grade ore but were closed primarily due to dramatically lower gold prices at the time and to boundary issues, since eliminated.
Further information is available on the Company's website at www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
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