• Connect with us
  • Information
    • About Us
    • Contact Us
    • Careers
    • Partnerships
    • Advertise With Us
    • Authors
    • Browse Topics
    • Events
    • Disclaimer
    • Privacy Policy
  • Australia
    North America
    World
Login
Investing News NetworkYour trusted source for investing success
  • North America
    Australia
    World
  • My INN
Videos
Companies
Press Releases
Private Placements
SUBSCRIBE
  • Reports & Guides
    • Market Outlook Reports
    • Investing Guides
  • Button
Resource
  • Precious Metals
  • Battery Metals
  • Base Metals
  • Energy
  • Critical Minerals
Tech
Life Science
Base Metals Market
Base Metals News
Base Metals Stocks
  • Base Metals Market
  • Base Metals News
  • Base Metals Stocks
zinc investing

Rokmaster announces proposed 10-1 share consolidation

Written by Investing News Network
|
Mar. 01, 2018 07:49AM PST

Rokmaster Resources Corp. (“Rokmaster” or the “Company”) announces its intention to proceed with a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidated common shares (the “Consolidation”) and contemplates a change of Company name.

Rokmaster Resources Corp. (“Rokmaster” or the “Company”) (TSXV:RKR | OTC PINK:RKMSF | FRA:1RR) announces its intention to proceed with a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidated common shares (the “Consolidation”) and contemplates a change of Company name.

Currently, a total of 104,873,306 common shares of the Company are issued and outstanding and after the Consolidation, the Company will have approximately 10,487,331 issued and outstanding common shares. The Consolidation and Company name change require shareholder approval by way of a special resolution and the Company has scheduled a meeting of its shareholders on April 9, 2018.

The Board of Directors of Rokmaster believe the Consolidation is in the best interest of its shareholders and is seeking its approval  to provide the Company with greater flexibility to arrange the financings it requires for an inaugural drill program at its Duncan Lake Zinc Project (the “Project”) located in the Kootenay Arc, strategic acquisitions and for future growth opportunities.

Rokmaster is underpinned by a renowned technical and highly skilled team with extensive experience in exploration, development and mining all over the world. More importantly, they have a well-established history in the Kootenays – and a deep and intimate knowledge of the Project gained during their years exploring in the area.

Rokmaster will obtain a new CUSIP number for the Company’s shares, to distinguish between pre-and post-Consolidation shares. The Company anticipates its trading symbol will remain unchanged.

The Consolidation is also subject to receipt of TSX Venture Exchange approval.

Corporate Update

Rokmaster will be exhibiting at the 2018 PDAC Conference March 3-7 in Booth 3153 of the Investors Exchange where Company management will be outlining the upcoming drill program targeting tonnage and grade expansion at the Project and providing an update on acquisition targets. The conference will be held at The Metro Toronto Convention Centre located at 222 Bremner Blvd., Toronto, Ontario and the Investors Exchange is free to the public. Times are; Sunday March 3 to Tuesday March 5, 10:00am to 5:00pm and Wednesday 9:00 to 12:00pm. The PDAC International Convention, Trade Show, & Investors Exchange is the world’s leading mineral exploration, mining and finance convention.

About Rokmaster Resources Corp.

Rokmaster is a Vancouver-based mineral exploration company with 100% ownership of the Duncan Lake Zinc-Lead-Silver Project in the Kootenay Region of British Columbia, Canada.

On behalf of the Board of Directors of
ROKMASTER RESOURCES CORP.

“John Mirko”, John Mirko, President & Chief Executive Officer

Neither the 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.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information within the meaning of the Canadian securities laws. Forward-looking information in this news release includes statements about share consolidation.

In connection with the forward-looking information contained in this news release, Rokmaster has made numerous assumptions regarding, among other things: obtaining shareholder and TSXV regulatory approvals. While Rokmaster considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

Additionally, there are known and unknown risk factors which could cause Rokmaster’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: shareholder and regulatory approvals may not be obtained on a timely basis, or at all; the Company may require additional working capital sooner than predicted; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing.

A more complete discussion of the risks and uncertainties facing Rokmaster is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Rokmaster disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

SOURCE Rokmaster Resources Corp.

For further information: on the Company and its properties, please visit the Company’s website www.rokmaster.com or call (604) 632-9602

Click here to connect with Rokmaster Resources (TSXV:RKR | OTC PINK:RKMSF | FRA:1RR) for an Investor Presentation.

Source: www.newswire.ca

canada kootenay arc british columbia board of directors drill program zinc investing
The Conversation (0)

Go Deeper

AI Powered
Rokmaster Resources

Rokmaster Resources

Lucky Announces Effective Date of Share Consolidation of Common Shares

Lucky Announces Effective Date of Share Consolidation of Common Shares

Latest News

Outlook Reports world

Resource
  • Precious Metals
    • Gold
    • Silver
  • Battery Metals
    • Lithium
    • Cobalt
    • Graphite
  • Energy
    • Uranium
    • Oil and Gas
  • Base Metals
    • Copper
    • Nickel
    • Zinc
  • Critical Metals
    • Rare Earths
  • Industrial Metals
  • Agriculture
Tech
    • Artificial Intelligence
    • Cybersecurity
    • Gaming
    • Cleantech
    • Emerging Tech
Life Science
    • Biotech
    • Cannabis
    • Psychedelics
    • Pharmaceuticals

Featured Base Metals Investing Stocks

Nuvau Minerals

Nuvau Minerals (NMC:CC)
NMC:CC

Lundin Mining

LUN:CC

PyroGenesis Canada Inc.

PYR:CC

Slave Lake Zinc

Slave Lake Zinc (SLZ:CC)
SLZ:CC

Core Lithium

CXO:AU

Midland Exploration Inc.

MD:CC
More featured stocks

Browse Companies

Resource
  • Precious Metals
  • Battery Metals
  • Energy
  • Base Metals
  • Critical Metals
Tech
Life Science
MARKETS
COMMODITIES
CURRENCIES