Rocmec Mining Inc. (TSXV:RMI) closed a private placement for a gross proceeds of $70,000. The Company issued 7 units at a price of $10,000 per unit; each unit being comprised of 20,000 common shares of the Corporation priced at $0.13 per share, 80,000 flow-through common shares of the Corporation priced at $0.13 per share and 100,000 common share purchase warrants of the Corporation.
As quoted in the press release:
The common share purchase warrants are valid for a period of 24 months from the date of issuance, each warrant entitling its holder thereof to purchase one additional common share of the Corporation at a price of $0.20 per common share for the first 12 month period and at $0.25 per common share for the remaining 12 month period.
|Otis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.|