|March 01, 2018|
Rokmaster announces proposed 10-1 share consolidation
|Rokmaster Resources Corp. ("Rokmaster" or the "Company") (TSXV:RKR | OTC PINK:RKMSF | FRA:1RR) announces its intention to proceed with a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidated common shares (the "Consolidation") and contemplates a change of Company name.
Currently, a total of 104,873,306 common shares of the Company are issued and outstanding and after the Consolidation, the Company will have approximately 10,487,331 issued and outstanding common shares. The Consolidation and Company name change require shareholder approval by way of a special resolution and the Company has scheduled a meeting of its shareholders on April 9, 2018.
The Board of Directors of Rokmaster believe the Consolidation is in the best interest of its shareholders and is seeking its approval to provide the Company with greater flexibility to arrange the financings it requires for an inaugural drill program at its Duncan Lake Zinc Project (the "Project") located in the Kootenay Arc, strategic acquisitions and for future growth opportunities.
Rokmaster is underpinned by a renowned technical and highly skilled team with extensive experience in exploration, development and mining all over the world. More importantly, they have a well-established history in the Kootenays -- and a deep and intimate knowledge of the Project gained during their years exploring in the area.
Rokmaster will obtain a new CUSIP number for the Company's shares, to distinguish between pre-and post-Consolidation shares. The Company anticipates its trading symbol will remain unchanged.
The Consolidation is also subject to receipt of TSX Venture Exchange approval.
About Rokmaster Resources Corp.
On behalf of the Board of Directors of
"John Mirko", John Mirko, President & Chief Executive Officer
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 Information
In connection with the forward-looking information contained in this news release, Rokmaster has made numerous assumptions regarding, among other things: obtaining shareholder and TSXV regulatory approvals. While Rokmaster considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Rokmaster's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: shareholder and regulatory approvals may not be obtained on a timely basis, or at all; the Company may require additional working capital sooner than predicted; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing.
A more complete discussion of the risks and uncertainties facing Rokmaster is disclosed in the Company's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Rokmaster disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
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