News Column

Rokmaster Closes $850,000 Final Tranche of Private Placement

June 3, 2014

ENP Newswire - 03 June 2014

Release date- 30052014 - Vancouver - Rokmaster Resources Corp. is pleased to announce that it has closed the final tranche of its non-brokered private placement with the issuance of 8,500,000 units at a price of $0.10 per unit for gross proceeds of $850,000.

Each unit is comprised of one common share of the Company and one non-transferable common share purchase warrant ('Warrant') exercisable to purchase one additional common share of the Company at a price of $0.20 for a period of two years expiring May 26, 2016 and subject to an acceleration clause as more detailed in the Company's news release dated April 11, 2014.

The Company paid finders' fees of $26,010 and issued 260,100 Finders' Warrants to certain finders, equal to 8% of the proceeds and number of units, respectively, placed by such finders in the financing. Each Finder Warrant has the same terms as the Warrant.

All securities issued pursuant to the final tranche are subject to a four month hold period expiring September 27, 2014. Net proceeds will be used for exploration of the Company's Pinaya Project and general working capital purposes.

The Company also announces that it has granted, subject to regulatory approval, 1,800,000 stock options to directors, officers and consultants under its stock option plan. The options are exercisable at a price of $0.13 and expire five years from the date of grant.


Rokmaster Resources Corp.

910 - 1050 W. Pender Street

Box 33, Vancouver

British Columbia V6E 3S7

Tel: 604.632.9602

Fax: 604.689.0288


For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: ENP Newswire

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters