|September 06, 2012|
Rokmaster Receives Final Approval of the Pinaya Property Option and Closes First Tranche of Non-Brokered Private Placement
(Vancouver, September 6, 2012) -- Rokmaster Resources Corp. (the "Company") wishes to announce that it has received final approval from the TSX Venture Exchange (the "Exchange") of its acquisition of an option in the Pinaya Gold-Copper Project located in Caylloma and Lampa Provinces, Peru (particulars of the acquisition were announced on July 17, 2012). The Company also announces that to secure final approval of the acquisition from the Exchange, the Company was required to close the first tranche of the private placement also announced on July 17, 2012 to provide financing for the Company's initial exploration program on the Pinaya Project as well as for general working capital purposes.
The Company issued 1,552,000 units at a price of $0.25 per unit for gross proceeds of $388,000. Each unit is comprised of one common share of the Company and one non-transferable common share purchase warrant exercisable to purchase one additional common share of the Company at a price of $0.35 for a period of two years expiring September 4, 2014. All securities issued pursuant to the private placement are subject to a four month hold period expiring January 5, 2013.
On behalf of the Board of Directors,
President and Chief Executive Officer
For further information, contact: John Mirko, President and Chief Executive Officer
Rokmaster Resources Corp.
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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