Rokmaster announces completion of Share Consolidation
Rokmaster announces completion of Share Consolidation
VANCOUVER
,
May 2, 2018
/CNW/ - Rokmaster Resources Corp. ("Rokmaster" or the "Company") is pleased to announce it has completed
the previously announced consolidation of its share capital on the basis of five (5) existing common shares for one (1) new common share (the
"Share Consolidation"). As a result of the Share Consolidation, there are now 20,974,662 common shares issued and outstanding.
Effective
May 1, 2018
, the Company's common shares commenced trading on the Toronto Venture Exchange (the "TSXV") on a consolidated
basis under the same trading symbol RKR. No fractional shares were issued in connection with the Share Consolidation.
The Private Placement
In connection with Rokmaster's planned financing of up to
$1,200,000
announced on
April 25, 2018
(the "Private Placement"), the exercise price
of the one half non-transferable share purchase warrant (a "Warrant") has been adjusted. Each whole warrant will entitle the holder to purchase
one additional common share of the Company (a "Warrant Share") for a period of 18 months from the date of closing of the Private Placement at a
price of
$0.18
per Warrant Share, adjusted downward from the previously announced price of
$0.25
. In addition, the consecutive-trading-day
period affecting the accelerated expiry date of the warrants has been adjusted downward from 14 to 10-consectutive-trading-days. All other terms
of the Private Placement remain the same.
About Rokmaster Resources Corp.
Rokmaster is a
Vancouver
-based mineral exploration company with 100% ownership of the Duncan Lake zinc-lead-silver Project in the
prospective Kootenay Region of
British Columbia, Canada
. For additional information on the Company and its properties, please visit the
Company's website
www.rokmaster.com
or call (604) 632-9602.
On behalf of the Board of Directors of
ROKMASTER RESOURCES CORP.
"John Mirko"
John Mirko
,
President & Chief Executive Officer
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.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of the Canadian securities laws. Forward-looking information in this
news release includes statements about the Private Placement.
In connection with the forward-looking information contained in this news release, Rokmaster has made numerous assumptions regarding, among
other things: obtaining TSXV approval. While Rokmaster considers these assumptions to be reasonable, these assumptions are inherently subject
to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Rokmaster's actual results, performance or achievements to be
materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained
herein. Known risk factors include, among others: regulatory approvals may not be obtained on a timely basis, or at all; the Company may require
additional working capital sooner than predicted; the overall economy may deteriorate; uncertainty as to the availability and terms of future
financing.
A more complete discussion of the risks and uncertainties facing Rokmaster is disclosed in the Company's continuous disclosure filings with
Canadian securities regulatory authorities at
www.sedar.com
. All forward-looking information herein is qualified in its entirety by this cautionary
statement, and Rokmaster disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of
any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by
law.
SOURCE
Rokmaster Resources Corp.
View original content: http://www.newswire.ca/en/releases/archive/May2018/02/c2869.html
%SEDAR: 00031923E
For further information:
John Mirko, 604-632-9602
CO: Rokmaster Resources Corp.
CNW 06:00e 02-MAY-18