Rokmaster Settles Special Warrants and Acquires Additional Mineral Claims at Duncan Lake Zinc Project
Rokmaster Settles Special Warrants and
Acquires Additional Mineral Claims at Duncan
Lake Zinc Project
VANCOUVER, BC
,
Jan. 4, 2023
/CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB:
RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to announce that in preparation
of completing the planned spinout of the Duncan Lake Zinc Project (the "Duncan Project") to the
Company's wholly owned subsidiary, 4Metals Exploration Ltd. (see
news release dated
January 26, 2022
), the Company has entered into a Termination Agreement
(the "TA") and a Property Purchase Agreement (the "PPA").
The TA is with the three vendors of the Duncan Project (see news release dated
November 2, 2016
)
and calls for the cancellation of all their Special Warrants in the Company and their 2.5% NSR
Royalty on the Company's 100% owned Duncan Project in consideration of Rokmaster issuing them
an aggregate of 3,000,000 Rokmaster common shares (the "Settlement Shares").
The PPA is to acquire a 100% interest in two important claim blacks totaling 1,627 hectares south of
the Duncan Project by issuing 2,000,000 Rokmaster common shares (the "Purchase Price Shares")
to the vendors.
The vendors of the TA and the PPA are arm's length third parties and the issuance of the Settlement
Shares and the Purchase Price Shares are subject to receipt of regulatory approval.
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 vents or results or
otherwise.
SOURCE
Rokmaster Resources Corp.
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For further information:
Mr. John Mirko, President & CEO of Rokmaster Resources Corp.,
[email protected], Ph. 1-604-290-4647 or by website: www.rokmaster.com; For shareholder
information please contact: Mike Kordysz, [email protected], Ph. +1 (604) 319-3171
CO: Rokmaster Resources Corp.
CNW 05:00e 04-JAN-23