Rocmec closes first tranche of private placement
April 03 2014 - 8:30AM
Access Wire
Brossard (Quebec) / ACCESSWIRE / April 3rd, 2014
/ Rocmec Mining Inc. (the "Corporation" or "Rocmec") (TSX-V Symbol:
RMI), is pleased to announce that it has closed a
first tranche of a non-brokered private placement. This first
tranche is for 1,208,936 units of the Corporation at a price of
$0.10 per unit (the "Units") for gross proceeds to the
Corporation of $120,893.60. Each Unit consists of one common share
in the capital of the Corporation (a "Common Share") and one common
share purchase warrant of the Corporation (a "Warrant"). Each Warrant entitles
the holder thereof to purchase one additional common share in the
capital of the Corporation at a price of $0.18 per common for a
period of 24 month following the closing date.
All securities issued in
connection with the Private Placement are subject to a four-month
and one-day hold period from the date of issuance, expiring on
August 4th, 2014.
The Corporation intends to use
the net proceeds of the Private Placement for general corporate
purposes and working capital including the expenses associated with
the deployment of a thermal fragmentation unit "Dragon" in South
Africa.
Rocmec is active in the
exploration and the development of gold resources in Quebec and
Peru. The Corporation holds a gold property with resources
recognised in accordance with NI43-101, a modular treatment plant
and also an exclusive license for the thermal fragmentation mining
method for exploiting narrow-vein ore deposits.
The company's growth strategy is
based on:
-The
development of its gold deposits with the objective of producing
revenue from its operations;
-Increasing the value of its mining assets by
prioritizing the exploration targets; and
-The
commercialisation and employment of its thermal fragmentation
technology.
For additional
information:
John
Stella, Investor
relations (514) 718-7976 jstella@rocmec.com
Andre
Savard, President
& CEO (450)
510-4442 asavard@rocmec.com
Neither 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. This
press release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future
exploration drilling, exploration and production activities and
events or developments that the Corporation expects, are forward
looking statements. Although the Corporation believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business
conditions.
Corporation Miniere ROCMEC Mining Inc. 7055 Taschereau Blvd., suite
500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442 www.rocmec.com
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