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Roca Closes Bought Deal Financing
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Vancouver, British Columbia: Roca Mines Inc. (ROK: TSX-V) (the
"Company") announces, further to its press release of July 11, 2007,
that the bought deal private placement has now closed for gross
proceeds of $13,006,200.
The private placement, which was comprised of 4,090,000 units at a
price of $3.18 per unit (the "Offering"), was undertaken by Desjardins
Securities Inc. (the "Underwriter"). Each unit consists of one common
share and one-half of one common share purchase warrant. Each whole
warrant entitles the holder to acquire one common share at a price of
$4.00 at any time until August 7, 2009.
In connection with the Offering, the Underwriter received a cash
commission in an amount equal to 6% of the gross proceeds of the
Offering and underwriter's warrants to purchase up to 245,400 common
shares at a price of $3.18 per share until August 7, 2008. The Company
has also granted the Underwriter an over-allotment option to purchase
from the Company, up to an additional 15% of the Offering at any time
up to 2:00 pm (Vancouver time) for 30 days from today's date. All
securities issued under the Offering are subject to a hold period
expiring on December 8, 2007.
About Roca Mines Inc.
ROCA Mines Inc. is a mining and exploration company focused on the
outstanding mineral potential located within British Columbia. Roca's
primary project is the MAX Molybdenum Project, permitted and targeting
for initial molybdenum concentrate production later in August-2007.
ROCA MINES INC.
"David Skerlec"
David J. Skerlec -- Chief Financial Officer
For further information contact:
Doug Fosbrooke
Investor Relations
Tel: 604-684-2900
Fax: 604-684-2902
Email: info@rocamines.com
Web: www.rocamines.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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Copyright (c) 2007 ROCA MINES INC. (ROK) All rights reserved. For
more information visit our website at http://www.rocamines.com/ or send
mailto:info@rocamines.com
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