Rokmaster Closes $850,000 Final Tranche of Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 28, 2014) - Rokmaster Resources Corp. (TSX VENTURE:RKR)(LMA:RKR) (the "Company") is pleased to announce that it has closed the final tranche of its non-brokered private placement with the issuance of 8,500,000 units at a price of $0.10 per unit for gross proceeds of $850,000. Each unit is comprised of one common share of the Company and one non-transferable common share purchase warrant ("Warrant") exercisable to purchase one additional common share of the Company at a price of $0.20 for a period of two years expiring May 26, 2016 and subject to an acceleration clause as more detailed in the Company's news release dated April 11, 2014.
The Company paid finders' fees of $26,010 and issued 260,100 Finders' Warrants to certain finders, equal to 8% of the proceeds and number of units, respectively, placed by such finders in the financing. Each Finder Warrant has the same terms as the Warrant.
All securities issued pursuant to the final tranche are subject to a four month hold period expiring September 27, 2014. Net proceeds will be used for exploration of the Company's Pinaya Project and general working capital purposes.
The Company also announces that it has granted, subject to regulatory approval, 1,800,000 stock options to directors, officers and consultants under its stock option plan. The options are exercisable at a price of $0.13 and expire five years from the date of grant.
For additional information in English and Spanish, including NI 43-101 compliant gold-copper resource estimates, please visit the Company's website www.rokmaster.com. Company regulatory filings can be reviewed at www.sedar.com.
On behalf of the Board of Directors,
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. We seek Safe Harbour.
