Rocmec Signs Letter of Intent to Bring Rocmec 1 into Production

Resource Investing News

Rocmec Mining Inc. (TSXV:RMI) announced that it has signed a Letter of Intent with a U.S. private equity firm. The firm is interested in investing $31.5 million through a conventional loan. These funds will be used to bring the Rocmec 1 property into production.

As quoted in the press release:

A letter of intent has been signed and closing is expected to take place upon completion of a successful due diligence. Management is pleased with their interest to move forward, clearly demonstrating their appreciation of the value and quality of the property.

Click here to read the Rocmec Mining Inc. (TSXV:RMI) press release
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