Flow-Through Non-Brokered Private Placement to Raise up to $350,000
Not for distribution to U.S. news wire services or dissemination in the United States.
611 – 8th Street, P.O. Box 211 Stewart, British Columbia V0T 1W0 Telephone: (250) 636-9283 - Facsimile: (250) 636-2446
NEWS RELEASE
October 3, 2012 Trading Symbol: TSXV-ROT
Flow-Through Non-Brokered Private Placement to Raise up to $350,000
The Company is pleased to announce it is using its best efforts to complete a flow-through private placement to raise proceeds of up to $350,000. The offering will be comprised of up to 233,334 flowthrough units, at a price of $1.50 per unit. The units will be comprised of one flow-through common share and one transferable, non-flow-through warrant, each warrant being exercisable for the purchase of one additional share, at a price of $2.50 per share, for a two year period. No finders’ fees are payable.
Proceeds of the offerings will be expended on further exploration on the Company's Four J property, located in the area of Stewart, British Columbia.
Certain directors and officers of the Company will 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.
About Rotation Minerals Ltd.
The Company’s main asset is the option on the 4-J property in the Stewart area of BC and the newly acquired 80 % interest in the former Scottie Gold Mine property.
For further information, please contact Ed Kruchkowski at 250-636-9232.
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.”