Rokmaster Resources Corp.
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Rokmaster Resources Corp.

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 May 02, 2018
Rokmaster Announces Completion of Share Consolidation

 

(May 02, 2018, Vancouver, B.C., Canada) -- Rokmaster Resources Corp. (“Rokmaster” or the “Company”) is pleased to announce it has completed the previously announced consolidation of its share capital on the basis of five (5) existing common shares for one (1) new common share (the “Share Consolidation”).  As a result of the Share Consolidation, there are now 20,974,662 common shares issued and outstanding.

Effective May 1, 2018, the Company's common shares commenced trading on the Toronto Venture Exchange (the "TSXV") on a consolidated basis under the same trading symbol RKR. No fractional shares were issued in connection with the Share Consolidation.

The Private Placement

In connection with Rokmaster's planned financing of up to $1,200,000 announced on April 25, 2018 (the "Private Placement"), the exercise price of the one half non-transferable share purchase warrant (a "Warrant") has been adjusted. Each whole warrant will entitle the holder to purchase one additional common share of the Company (a "Warrant Share") for a period of 18 months from the date of closing of the Private Placement at a price of $0.18 per Warrant Share, adjusted downward from the previously announced price of $0.25. In addition, the consecutive-trading-day period affecting the accelerated expiry date of the warrants has been adjusted downward from 14 to 10-consectutive-trading-days. All other terms of the Private Placement remain the same.

About Rokmaster Resources Corp.

Rokmaster is a Vancouver-based mineral exploration company with 100% ownership of the Duncan Lake zinc-lead-silver Project in the prospective Kootenay Region of British Columbia, Canada. For additional information on the Company and its properties, please visit the Company’s website www.rokmaster.com or call (604) 632-9602.

On behalf of the Board of Directors of
ROKMASTER RESOURCES CORP.

“John Mirko”

John Mirko,
President & Chief Executive Officer

For further information, contact: John Mirko, 604-632-9602

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

This news release contains forward-looking information within the meaning of the Canadian securities laws.  Forward-looking information in this news release includes statements about the Private Placement.

In connection with the forward-looking information contained in this news release, Rokmaster has made numerous assumptions regarding, among other things: obtaining TSXV approval.  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: 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.

 
 

You can view the Next News item: Tue May 8, 2018, Rokmaster Options 80% of NSR on Duncan Lake Zinc Property

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ROKMASTER Resources Corp.
#900-580 Hornby Street
Vancouver BC
V6C 3B6
1 604 632 9602