Rokmaster Resources is putting forth a private placement to raise $300,000 to go towards exploration work at the company’s Duncan Lake zinc project.
Rokmaster Resources (TSXV:RKR,OTC Pink:RKMSF) is putting forth a private placement to raise $300,000 to go towards surface exploration work at the company’s Duncan Lake zinc project.
The work to be done at the project is set to consist of geological mapping, additional soil sampling, prospecting, rock sampling and excavator trenching.
As stated in the press release:
To facilitate the planned work at the project, the company is offering a non-brokered private placement for gross proceeds of up to $300,000 through the issuance of a combination of units of up to $150,000 and flow-through shares of up to $150,000 at a price of $0.04 per unit and $0.05 per FT share, respectively.
Each unit consists of one common share of the company and one non-transferable share purchase warrant. Each warrant is exercisable to purchase one additional common share of the company for a period of one year from the date of closing of the private placement at a price of $0.07 per warrant.
Each FT share is a common share which is a “flow-through” share for Canadian income tax purposes. British Columbia residents and corporations are also eligible for BC Super Flow Through of 30 percent from this offering, as well, individuals in British Columbia are also entitled to receive their 15 percent ITC Federal Tax Credit.