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| | January 06, 2010
Rolling Rock Resources Corporation Plans Private Placement
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| | VANCOUVER, British Columbia - Rolling Rock Resources Corporation (the "Company") (TSX-V : RLL) announces a planned non-brokered private placement (the "Private Placement") with aggregate gross proceeds of up to $1,000,000 from the sale of up to 5,000,000 units at a price of $0.20 per unit (the "Unit").
A Unit will consist of one common share and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase an additional common share for a price of $0.30 per share for a period of two years from the date of closing of the Private Placement.
The Company will pay finder's fee in a combination of cash and Units, subject to the TSX Venture Exchange policies. The Private Placement is subject to compliance with applicable securities laws and to receipt of regulatory approval.
Insiders are expected to participate in more than 25% of this Private Placement providing there is no change of control as a result of their participation.
Proceeds of the Private Placement will be used primarily for general corporate working capital and continued exploration of the Company's Manitoba gold projects.
For more information contact: Scott Angus 604-488-1456
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. |
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| | You can view the Next News Releases item: Mon Jan 11, 2010, Rolling Rock Resources Corporation Plans Increased Private Placement
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