TSX:RRC  $0.06
High:  $
Low:  $
Dollar Change:  even
Volume:  6362
Latest News
Show printable version of 'Rockridge Closes $2.3 Million Non-Brokered Financing' in a New Window

News Releases

 March 19, 2010
Rockridge Closes $2.3 Million Non-Brokered Financing

 Rockridge Capital Corp. (TSX Venture: RRC) (the "Company") is pleased to announce that the previously announced non-brokered private placement of units (the "Units") at a price of $0.30 per unit for gross proceeds of up to $2,300,000 has closed.

Each Unit consists of one common share of the Company and one half of one non-transferable share purchase warrant, each full warrant will have a term of one (1) year commencing from the March 18, 2010 (the "Term"), subject to earlier expiry on the occurrence of a "Trigger Event"; each whole warrant will entitle the Purchaser to purchase one (1) additional Share in the capital of the Issuer at an exercise price of $0.40 per share. A triggering event (the "Trigger Event") shall occur when the closing price for the Company's common shares on the TSX Venture Exchange is greater than $0.60 per share for a period of twenty (20) consecutive trading days. On the occurrence of a Trigger Event at any time after July 18, 2010, the Company may within 10 days of such a Trigger Event (but is not required to do so) shorten the term of the warrants by giving thirty days notice to the holders by way of a news release, in which case the warrants shall expire within thirty days of the date of dissemination of the news release. Shares acquired by the placees, and shares which may be acquired upon the exercise of the share purchase warrants, will be subject to a hold period of four months plus one day from the date of closing of the offering in accordance with applicable securities legislation. The financing is subject to the approval of the TSX Venture Exchange.

The net proceeds of the financing will be used to fund exploration and development work at the Company's recently acquired Fatou Gold project in Mali and for general working capital. Finder's fees of $155,329.99 were paid in cash pursuant to the policies of the TSX Venture Exchange.

The Qualified Person for Rockridge Capital Corp. under National Instrument 43-101 is Mr. Lorne Warner, P.Geo.

For further information contact Karl Kottmeier, President of Rockridge Capital Corp., at (604) 678-8941.


Karl Kottmeier

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.

You can view the Next News Releases item: Tue Apr 6, 2010, Rockridge Commences Fieldwork at Fatou Gold Project, Mali, West Africa

You can view the Previous News Releases item: Fri Jan 29, 2010, Rockridge Announces Non-Brokered Private Placement to Raise Up to $2,3000,000

You can return to the main News Releases page, or press the Back button on your browser.

© Copyright Rockridge Capital Corp. 2011   P.O. Box 10322 Suite 1450 - 701 W. Georgia St., Vancouver, B.C., Canada V7Y 1G5
Tel: (604) 678-8941   Fax: (604) 689-7442   
Adnet Communications Inc.