611 – 8th Street, P.O. Box 211
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611 – 8th Street, P.O. Box 211 Stewart, British Columbia V0T 1W0
Telephone: (250) 636‐9283 Facsimile: (250) 636‐2446
NEWS RELEASE
November 3, 2016 Trading Symbol: TSXV‐ROT
Flow‐Through Non‐Brokered Private Placement to Raise up to $500,000
Rotation Minerals Ltd. is pleased to announce it is using its best efforts to complete a flow‐through private placement to raise aggregate gross proceeds of up to $500,000. The offering will be comprised of up to 2,000,000 flow‐through shares, at a price of $0.25 per flow‐through share.
The proceeds from the sale of the flow‐through shares will be expended on exploration on the Company's properties located in British Columbia.
Non‐Flow‐Through Private Placement to Raise up to $500,000
The Company is pleased to announce it is also arranging a private placement of non‐flow‐through units to raise proceeds of up to an additional $500,000. The offering will be comprised of up to 2,000,000 units, at a price of $0.25 per unit. Each unit will be comprised of one common share and one‐half of one transferable common share purchase warrant, each whole warrant being exercisable for the purchase of one additional common share, at a price of $0.40 per share, for a two year period.
The proceeds from the sale of the units will be used for property payments and for working capital purposes.
Certain directors and officers of the Company may participate in the private placement. Any such participation would be considered to be a “related party transaction” as defined under Multilateral Instrument 61‐101 (“MI 61‐101”). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61‐101 as neither the fair market value of any units issued to or the consideration paid by such persons will not exceed 25% of the Company’s market capitalization.
Finders’ fees may be payable.
ABOUT ROTATION MINERALS LTD.
The Company’s main assets are the option on the 4‐J property and Scottie Gold Mine in the Stewart area of BC.
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ON BEHALF OF THE BOARD OF DIRECTORS
"Randolph Kasum"
Randolph Kasum, Director
“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.”
“This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.”