Rochester Announces a Private Placement of Units
TSX Venture: RCT Frankfurt: R5I
Suite 1305-1090 W. Georgia St., Vancouver, BC, V6E 3V7 Phone: 604.685.9316 Fax: 604.683.1585
NEWS RELEASE
ROCHESTER ANNOUNCES A PRIVATE PLACEMENT OF UNITS
Vancouver, British Columbia – July 8, 2015 - Rochester Resources Ltd. (TSXV: RCT and Frankfurt: R5I): (the "Company") Mr. Nick DeMare, Chairman, announces that the Company will undertake a non-brokered private placement financing of up to 2.3 million units at a price of $0.035 per unit to raise gross proceeds of up to $80,500. Each unit comprises one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional share for a term of three years from the closing date at a price of $0.05 per share. Insiders will be participating in this financing. All securities issued will be subject to a four month hold from date of closing.
The financing is subject to the approval of the TSX Venture Exchange; however, in regards to the pricing of this financing at $0.035, the Company has had its filings accepted by the TSX Venture Exchange.
Proceeds of the financing will be used for the preparation of a National Instrument 43-101 report, as required by the British Columbia Securities Commission (the “BCSC”), as well as costs associated with the continuous disclosure review by the BCSC, offering costs, a portion of the 2015 audit related costs and working capital.
ON BEHALF OF THE BOARD
"Nick DeMare"
Nick DeMare Chairman
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.