611 – 8th Street, P.O. Box 211
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611 – 8th Street, P.O. Box 211 Stewart, British Columbia V0T 1W0
Telephone: (250) 636-9283 - Facsimile: (250) 636-2446
April 7, 2016 (TSX-V: ROT)
NEWS RELEASE
Rotation Minerals Ltd. Closes Private Placement
Rotation Minerals Ltd. (the “Company”) is pleased to announce it has received TSX Venture Exchange approval for and closed its previously announced non-brokered private placement of 2,000,000 flow-through units and 2,000,000 non-flow-through units, at a price of $0.05 per flowthrough unit and non-flow-through unit, to raise proceeds of $200,000. Each flow-through unit consists of one flow-through common share and one warrant to purchase an additional common share, at $0.05 per share, until April 7, 2018. Each non-flow-through unit consists of one non-flowthrough common share and one warrant to purchase an additional common share, at $0.05 per share, until April 7, 2018. No finder’s fee or commission were paid in connection with the private placement.
All of the shares, warrants and any shares issued upon exercise of the warrants comprising the flow-through units and non-flow-through units are subject to a hold period until August 8, 2016, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.
The proceeds from the flow-through portion of the private placement will be expended on exploration of the Issuer’s properties located in British Columbia. The proceeds from the nonflow-through portion of the private placement will be used to pay debt and for working capital purposes.
The Company is advised that Frank Kamermans, of 306, 5th Avenue, Stewart, British Columbia, V0T 1W0, has acquired ownership of 3,000,000 common shares and 3,000,000 warrants of the Company, at a purchase price of $0.05 per share. Mr. Kamermans shares and warrants represents 10.33% of the Company's issued and outstanding common shares or 18.72% on a partially-diluted basis assuming the exercise of his warrants. The Company is advised by Mr. Kamermans that the shares and warrants were acquired for investment purposes. Mr. Kamermans may in the future increase or decrease his ownership of securities of the Company from time to time depending on the business and prospects of the Company, as well as future market conditions.
For a copy of the early warning report, please contact Mr. Kamermans at (250) 636-2701.
ON BEHALF OF THE BOARD OF DIRECTORS
"Randolph Kasum"
Randolph Kasum, Director
NEITHER THE 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.
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