Rokmaster Completes Acquisition of TMI and Option to Purchase Operating Peru Flotation Plant
June 25, 2015
(June 25, 2015, Vancouver, B.C., Canada) - Rokmaster Resources Corp. ("Rokmaster" or the "Company") announces that it has completed the acquisition of all of the issued and outstanding shares (the "TMI Shares") of Transworld Mining Investments S.A.C. ("TMI"). As further described in the Company's April 2, 2015 news release, TMI owns a comprehensive exploration database and certain mineral concessions, as well as an option (the "Option") to acquire a fully permitted and producing copper, gold, silver flotation plant (the "Flotation Plant") of 150 tonne per day capacity, as well as certain assets, for the sum of US$1,200,000. The Flotation Plant is expandable and the site includes a separate non-operating, parallel gold-silver processing plant (the "Processing Plant" and collectively with the Flotation Plant, the "Plants").
The Company paid the purchase price of US$100,000 for the TMI Shares by issuing to the two individual shareholders of TMI (the "Vendors") a total of 2,455,600 common shares of the Company, at a deemed price of Cdn$0.05 per share, and share purchase warrants entitling the holder to purchase a total of an additional 2,455,600 common shares of the Company at a price of Cdn$0.07 per share for a period of six months, following the date that TMI has obtained ownership of the Plants and related assets.
Finder's fees in the amount of US$8,000 were paid in connection with the acquisition by the issuance to a finder (the "Finder") of 196,448 common shares of the Company at a deemed price of Cdn$0.05 per share.
The common shares and share purchase warrants issued to the Vendors, as well as the common shares issued to the Finder, are subject to a four-month hold period from the date of closing of the acquisition, in accordance with applicable securities laws.
For additional information on the Company and its projects in English and Spanish, 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, 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) nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:
Information set forth in this news release contains forward-looking information that is based on assumptions as of the date of this news release. This forward-looking information reflects management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Rokmaster cautions that all forward-looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Rokmaster's control. Such factors include, among other things: uncertainties relating to the availability of financing to permit the Company to exercise the Option; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; metal price fluctuations; environmental and regulatory requirements; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; and currency fluctuations. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. For more information on Rokmaster, investors should review the filings that are available at www.sedar.com.