Rokmaster Closes Non-Brokered Financing
ROKMASTER CLOSES NON-BROKERED
FINANCING
VANCOUVER, BC
,
April 6, 2023
/CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB:
RKMSF) (FSE: 1RR1)
("Rokmaster"
or the
"Company")
is pleased to announce that it has
completed a non-brokered financing (the "
Financing
") involving the issuance of flow-through units
(the "
FT Units"
) through the issuance of 4,545,455 FT Units at
$0.11
per FT Unit, for gross
proceeds of
$500,000
.
Each FT Unit is comprised of one flow-through common share of the Company (the "
FT Share
") and
one non-transferrable common share purchase warrant to purchase one non-flow-through common
share of the Company (a "
Warrant Share
") at a price of
$0.13
per Warrant Share for a period of
two years expiring on
April 5, 2025
(the "
Expiry Date
"), subject to the Acceleration Provision.
If at any time prior to the Expiry Date, the Company's common shares trade at or above a price of
$0.20
per common share on the TSX Venture Exchange for a period of 10 consecutive trading days
commencing four months plus one day after the issue date, the Company may, at its option,
accelerate the Expiry Date by issuing a press release announcing such acceleration (the
"
Acceleration Press Release
"), and, in such case, the Expiry Date shall be deemed to be the 30th
day following the date of issuance of the Acceleration Press Release (the "
Acceleration
Provision
").
The securities issued pursuant to the Financing are subject to a four-months and one day hold period
expiring
August 6, 2023
and were not offered or registered in
the United States
.
In connection with the closing of the Financing, the Company paid cash finder's fees in aggregate of
$35,820
, and issued a total of 325,636 finder's warrants (the "
Finder's Warrants
") to certain
finders. Each Finder's Warrant entitles the holder to purchase one Warrant Share at a price of
$0.13
for a period of two years expiring on
April 5, 2025
and is also subject to the Acceleration Provision
above.
The gross proceeds raised from the sale of the FT Shares will be used by the Company for
exploration that will qualify as "Canadian Exploration Expenses", as that term is defined in
the Income Tax Act (
Canada
) only.
On Behalf of the Board of Directors of
Rokmaster Resources Corp.
John Mirko
,
President & Chief Executive Officer.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
press 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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For further information:
Mr. John Mirko, CEO of Rokmaster Resources, [email protected],
Ph. +1(604)290-4647 or the Company's website: www.rokmaster.com; For shareholder information
please contact: Mike Kordysz, [email protected], Ph. +1 (604)319-3171
CO: Rokmaster Resources Corp.
CNW 04:00e 06-APR-23