Rolling Rock Resources Corporation: Private Placement Closes
18 7월 2008 - 9:00PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: RLL) has closed a
non-brokered private placement (the "Private Placement") with
aggregate gross proceeds of $720,000 from the sale of 4,500,000
units at a price of $0.16 per unit (the "Unit"). Each Unit
comprised one flow-through common share and one-half of one
non-transferable common share purchase warrant (a "Warrant"). Each
whole Warrant entitles the holder thereof to purchase an additional
common share for a price of $0.45 per share until July 17, 2009.
The common shares issued, and any common shares issued pursuant to
the exercise of Warrants prior to November 18, 2008 will be
restricted from trading until November 18, 2008.
The Company paid a finder's fee by the issue of 300,000 common
shares.
The MineralFields Group purchased $480,000 of this Private
Placement with one other party purchasing the remaining
$240,000.
"We are very pleased to be entering into this relationship with
MineralFields Group," said Scott Angus, President and CEO of the
Company. "This is an important milestone in the growth of Rolling
Rock Resources Corporation and we look forward to working with
MineralFields Group as we explore our Domain property in northern
Manitoba."
Proceeds of this Private Placement will be used primarily for
continued exploration of the Company's Domain property.
About MineralFields, Pathway and First Canadian Securities�
MineralFields Group (a division of Pathway Asset Management) is
a Toronto-based mining fund with significant assets under
administration that offers its tax-advantaged super flow-through
limited partnerships to investors throughout Canada during most of
the calendar year, as well as hard-dollar resource limited
partnerships to investors throughout the world. Pathway Asset
Management also specializes in the manufacturing and distribution
of structured products and mutual funds. Information about
MineralFields Group is available at www.mineralfields.com. First
Canadian Securities�, a division of Limited Market Dealer Inc., is
active in leading resource financings (both flow-through and hard
dollar PIPE financings) on competitive, effective and
service-friendly terms, with investors both within, and outside of
MineralFields Group.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Rolling Rock Resources Corporation Scott Angus (604)
488-1456
Rolling Rock Resources Corporation (TSXV:RLL)
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