Rolling Rock Resources Corporation: Private Placement Closes
06 February 2008 - 8:42AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: RLL) has closed a
non-brokered private placement (the "Private Placement") with
aggregate gross proceeds of $1,322,500 from the sale of 5,750,000
units at a price of $0.23 per unit (the "Unit"). Each Unit consists
of one common share and one non-transferable common share purchase
warrant (a "Warrant"). Each Warrant entitles the holder thereof to
purchase an additional common share for a price of $0.40 per share
for a period of one year expiring February 5, 2009. The common
shares issued, and any common shares issued pursuant to the
exercise of warrants prior to June 6, 2008 will be restricted from
trading until June 6, 2008.
Proceeds of this Private Placement will be used primarily for
continued exploration of the Company's Monument Bay Property and
Domain properties, as well as general corporate purposes.
The Company is now mobilizing to begin the planned winter
drilling program on its 51% owned Domain Project in northern
Manitoba. Rolling Rock can earn up to a 65% interest with the
expenditure of an additional $700,000.
The Domain Project, measuring 7 kilometres x 20 kilometres
totaling 14,000 hectares, covers air and ground geophysical targets
over the Gods Lake greenstone belt.
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
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