DeepRock Minerals Announces a $300,000 Non-Brokered Private Placement
![DeepRock Minerals Announces a $300,000 Non-Brokered Private Placement](https://www.goldseiten.de/media/goldseiten-news.jpg)
Subject to regulatory approval, the participation of the Company's directors and officers, and other related parties in the Private Placement would be considered a "related party transaction" pursuant to Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transaction ("MI 61-101"). The Company is exempt from the requirements to obtain formal valuation and minority shareholder approval in connection with the Insiders' participation in the Private Placement in reliance, respectively, on Section 5.5(b) of MI 61-101 as the Company is not listed on a "specified market" and on Section 5.7(1)(b) of MI 61-101 as a distribution of securities for cash not exceeding $2,500,000 which is approved by independent directors. The Private Placement is not expected to result in the creation of a new control person of the Company. To the Company's knowledge, there is no material information concerning the Company or its securities that has not been generally disclosed.
For more information, please contact:
Andrew Lee, CEO and Director
Telephone: (778) 302-2257
Email: andrew.deeprock@gmail.com
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