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Provider: Reuters Investment Profile

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Rockridge Capital Corp Announces Private Placement to Raise Up to $1,000,000

Friday, 12 Apr 2013 04:30pm EDT 

Rockridge Capital Corp announced that it has arranged a non-brokered private placement of 20,000,000 Units of the company at a price of $0.05 per Unit for gross proceeds of approximately $1 million. Each Unit will consist of one common share and one common share purchase warrant. Each such warrant will entitle the holder to purchase one common share of the company for a period of 18 months from the closing date at a price of $0.10 per common share. Closing of the placement is anticipated to occur on or before May 15, 2013 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. Securities issued under the placement will be subject to a four month hold period which will expire four months from the date of closing. A Finder's Fee may be paid in connection with the placement. The proceeds from the placement will be used to continue exploration on the Company's Fatou Gold project in southern Mali and for general working capital purposes. 

Company Quote

-0.01 -16.67%
17 Apr 2014