Rokmaster Closes Final Tranche of Private Placement
Rokmaster Closes Final Tranche of Private
Placement
VANCOUVER, BC
,
Jan. 7, 2021
/CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB:
RKMSF) (FSE: 1RR1) ("
Rokmaster
" or the "
Company
") wishes to announce that it has closed the
final tranche (the "
Final Tranche
") of its non-brokered private placement with the issuance of
575,000 non-flow-through units at a price of
$0.32
per unit (a "NFT Unit") for gross proceeds of
$184,000
. Each NFT Unit is comprised of one common share of the Company and one common
share purchase warrant exercisable to purchase one additional common share of the Company at a
price of
$0.48
for a period of two years expiring on
January 6, 2023
. All securities issued with
respect to the Final Tranche are subject to a hold period expiring on
May 7, 2021
.
The Company also wishes to correct the exercise price of
$0.48
with respect to the finder's
warrants issued to Ascenta Finance Corp ("
Ascenta
") as reported in its news release dated
December 31, 2020
. The total finder's fees paid to Ascenta, including finder's fees on the Final
Tranche, consist of cash of
$622,095
, 910,438 finder's warrants with an exercise price of
$0.44
expiring on
December 30, 2022
, 651,945 finder's warrants with an exercise price of
$0.32
also
expiring on
December 30, 2022
and 40,250 finder's warrants with an exercise price of
$0.32
expiring
on
January 6
, 2023.
Proceeds from the Final Tranche will be used by the Company on non-flow-through eligible project
expenses, as well as for general working capital purposes.
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.
SOURCE
Rokmaster Resources Corp.
View original content:
http://www.newswire.ca/en/releases/archive/January2021/07/c8129.html
%SEDAR: 00031923E
For further information:
please contact Mr. John Mirko, CEO of Rokmaster Resources,
[email protected], Ph. 1-604-290-4647. An updated corporate presentation, figures and
photos are available on Rokmaster's website at https://www.rokmaster.com/projects/revel-ridge/
CO: Rokmaster Resources Corp.
CNW 06:00e 07-JAN-21