|November 15, 2011|
Rokmaster Completes Initial Public Offering
November 15, 2011 - Vancouver, British Columbia - Rokmaster Resources Corp. ("Rokmaster" or the "Company") is pleased to announce the closing of its initial public offering (the "IPO") pursuant to a prospectus dated August 15, 2011 filed in the Provinces of British Columbia, Alberta, Manitoba and Ontario. The IPO involved the issuance of 10,000,000 common shares of the Company (the "Shares") at a price of $0.20 per Share for total gross proceeds of $2,000,000. After giving effect to the IPO the Company now has 20,115,001 shares outstanding.
The agent for the IPO was Jordan Capital Markets Inc. (the "Agent"). In consideration of the services of the Agent in the IPO, the Company paid the Agent a cash commission equal to 8% of the gross proceeds raised through investors introduced to the Company by the Agent, a corporate finance fee of $38,000 and granted the Agent warrants (the "Agent's Warrants") entitling the Agent to acquire up to 887,500 shares at $0.20 per Agent's Warrant on or before November 15, 2013.
The Company has made application to list the common shares on the TSX Venture Exchange (the "TSXV"). It is expected that, upon fulfilling the requirements of the TSXV, the shares will commence trading on the TSXV at market open on Monday, November 21, 2011 under the symbol RKR.
Rokmaster is engaged in the business of acquisition, exploration and development of mineral properties. The Company's objective is to locate and develop economic precious and base metals properties of merit and to conduct its initial exploration program on its principal property, the Bodine North, located in British Columbia.
The net proceeds of the IPO will be used for the continued exploration of the Bodine North Property, for property option payments, to fund the Company's general and administrative expenses and to provide the Company with a working capital reserve to carry out it's business. For further information please refer to the Company's prospectus dated August 15, 2011 available on SEDAR (www.sedar.com)
On behalf of the Board of Directors
President & Chief Executive Officer
For further information, contact:
John Mirko, President and CEO or Dennis Cojuco, CFO
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 Statements
This news release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding proposed exploration activities and the use of proceeds raised in the IPO. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for minerals that may be produced generally, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's prospectus dated August 15, 2011 for a more complete discussion of such risk factors and their potential effects, a copy of which may be accessed through the Company's profile on SEDAR at www.sedar.com.
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