Rokmaster Closes $50,000 First Tranche of Private Placement
Rokmaster Closes $50,000 First Tranche of
Private Placement
VANCOUVER
,
July 18, 2019
/CNW/ - Rokmaster Resources Corp. (the "Company") wishes to
announce that it has closed the first tranche of its non-brokered private placement with the issuance
of 750,000 units ("Unit") at a price of
$0.04
per Unit for gross proceeds of
$30,000
and the issuance
of 400,000 flow-through shares ("FT Share") at a price of
$0.05
per FT Share for gross proceeds of
$20,000
. Each Unit is comprised of one common share of the Company and one non-transferable
common share purchase warrant exercisable to purchase one additional common share of the
Company at a price of
$0.07
for a period of one year expiring
July 16, 2020
and subject to an
acceleration clause as more detailed in the Company's news release dated
May 8
, 2019.
The Company intends to continue to proceed with the non-brokered private placement (as more
detailed in the Company's news release dated
May 8, 2019
) for a period of 30 days from the date
of this news release.
All securities issued pursuant to the first tranche are subject to a four month hold period expiring
November 17, 2019
. Proceeds from this private placement will be used to fund exploration work
related to the Company's Duncan Lake Zinc-Lead Property and for general working capital
purposes.
For additional information on the Company and its projects, please visit the Company's website
www.rokmaster.com
or telephone (604) 290-4647.
On behalf of the Board of Directors,
"John Mirko"
John Mirko
, President and 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 STATEMENTS:
This news release may contain forward-looking information within the meaning of applicable
securities laws ("forward-looking statements"). Forward-looking statements are statements that are
not historical facts and are generally, but not always, identified by the words "expects," "plans,"
"anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that
events or conditions "will," "would," "may," "could" or "should" occur.
These forward-looking statements are subject to a variety of risks and uncertainties which could
cause actual events or results to differ materially from those reflected in the forward-looking
statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties
related to raising sufficient financing to fund the planned work in a timely manner and on acceptable
terms; changes in planned work resulting from weather, logistical, technical or other factors; the
possibility that results of work will not fulfill expectations and realize the perceived potential of the
Company's properties; risk of accidents, equipment breakdowns and labour disputes or other
unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in
the work program; the risk of environmental contamination or damage resulting from Rokmaster's
operations and other risks and uncertainties. Any forward-looking statement speaks only as of the
date it is made and, except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking statement, whether as a result of
new information, future events or results or otherwise.
SOURCE
Rokmaster Resources Corp.
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http://www.newswire.ca/en/releases/archive/July2019/18/c8958.html
%SEDAR: 00031923E
CO: Rokmaster Resources Corp.
CNW 09:00e 18-JUL-19