Rolling Rock Resources Corporation: Private Placement Closes
February 26 2010 - 6:30AM
Marketwired Canada
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.
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