|September 24, 2012|
Rokmaster Closes Final Tranche of Non-Brokered Private Placement
(Vancouver, September 24, 2012) -- Rokmaster Resources Corp. (the "Company") is pleased to announce that it has completed the final tranche of its previously announced non-brokered placement by issuing 4,568,000 units at $0.25 per unit, for gross proceeds of $1,142,000. This along with the first tranche closing as previously announced on September 6, 2012 resulted in a total raise of $1,530,000.
Each unit in the final tranche consists of one common share and one non-transferable common share purchase warrant (a "Warrant") exercisable to purchase one additional common share at a price of $0.35 for a period of two years expiring September 21, 2014.
The Company paid finders' fees of $66,903 and issued 267,610 Finder's Warrants to certain finders, equal to 7% of the proceeds and number of units, respectively, placed by such finders in the financing. Each Finder Warrant has the same terms as the Warrant.
All securities issued pursuant to the final tranche are subject to a four month hold period expiring January 22, 2013, except as permitted by Canadian securities legislation and the TSX Venture Exchange.
Proceeds of this financing will be used to fund an initial exploration program on the Pinaya Gold-Copper Project and for general working capital purposes.
"We are very pleased to close the oversubscribed private placement totaling $1,530,000 and the Company is currently planning the initial exploration program on the Pinaya Gold-Copper project," stated John Mirko, the Company's President and CEO.
The Company also announces that it has granted 640,000 stock options to a director and consultants under its stock option plan. The options are exercisable at a price of $0.25 and expire five years from the date of grant.
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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