Rolling Rock Resources Corporation: Private Placement Closes
27 February 2010 - 12:30AM
Marketwired
Rolling Rock Resources Corporation (the "Company") (TSX VENTURE:
RLL) has closed a non-brokered private placement with aggregate
gross proceeds of $1,200,000 from the sale of 6,000,000 units at a
price of $0.20 per unit (the "Unit"). Each Unit is comprised of one
common share and one common share purchase warrant (a "Warrant").
Each Warrant entitles the holder thereof to purchase an additional
common share for a price of $0.30 per share until February 25,
2012. The common shares issued, and any common shares issued
pursuant to the exercise of Warrants prior to June 26, 2010 will be
restricted from trading until June 26, 2010.
The Company paid a finder's fee to PowerOne Capital Markets
Limited of $72,000 cash and 600,000 Finder's Options on the same
terms as the Unit.
Proceeds of this Private Placement will be used primarily for
continued exploration of the Company's Manitoba gold projects and
general working capital.
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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