Rolling Rock Resources Corporation Plans Private Placement
06 Gennaio 2010 - 2:00PM
Marketwired
Rolling Rock Resources Corporation (the "Company") (TSX VENTURE:
RLL) announces a planned non-brokered private placement (the
"Private Placement") with aggregate gross proceeds of up to
$1,000,000 from the sale of up to 5,000,000 units at a price of
$0.20 per unit (the "Unit").
A Unit will consist of one common share and one common share
purchase warrant (a "Warrant"). Each Warrant will entitle the
holder thereof to purchase an additional common share for a price
of $0.30 per share for a period of two years from the date of
closing of the Private Placement.
The Company will pay finder's fee in a combination of cash and
Units, subject to the TSX Venture Exchange policies. The Private
Placement is subject to compliance with applicable securities laws
and to receipt of regulatory approval.
Insiders are expected to participate in more than 25% of this
Private Placement providing there is no change of control as a
result of their participation.
Proceeds of the Private Placement will be used primarily for
general corporate working capital and continued exploration of the
Company's Manitoba gold projects.
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.
Contacts: Rolling Rock Resources Corporation Scott Angus
604-488-1456
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