Rokmaster Announces $1,000,000 Non-Brokered Private Placement

Rokmaster Announces $1,000,000 Non-Brokered Private Placement

Canada NewsWire


VANCOUVER, July 14, 2017 /CNW/ - Rokmaster Resources Corp. (the "Company" or "Rokmaster") announces that it intends to complete a non-brokered private placement for proceeds up to $1,000,000 through the issuance of 20,000,000 Units at a price of $0.05 per Unit.  Each "Unit" will consist of one common share and one non-transferable common share purchase warrant ("Warrant").  Each Warrant is exercisable to purchase one common share at a price of $0.09 per share for a period of two years after the date of issuance.  The Warrants are subject to an accelerated expiry date, which comes into effect when the trading price on the TSX Venture Exchange ("Exchange") of the Company's common shares closes at or above $0.16 per share during any 20 consecutive trading day period commencing four months plus one day after the date of issuance.  In such an event, the Company will give an expiry acceleration notice ("Notice") to Warrant holders and the expiry date of the Warrants will be 30 days from the date of the Notice.

The private placement is subject to certain conditions, including regulatory acceptance. Finder's fees may be payable in connection with the private placement, in accordance with Exchange policies.  

Proceeds from this financing will be used to fund the drilling program on the Company's Duncan Lake Zinc project and for general working capital purposes.

For additional information on the Company and its projects, please visit the Company's website or call (604) 632-9602.

On behalf of the Board of Directors,

"John Mirko"

John Mirko, President and Chief Executive Officer.

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 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 events or results or otherwise.

SOURCE Rokmaster Resources Corp.

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