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Re: News Release - Tuesday, January 27, 2009
Roca Closes First Tranche of Financing
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Vancouver, British Columbia: Roca Mines Inc. (ROK: TSX-V) announces
that, further to its press release of January 16, 2009, it has closed
the first tranche of the private placement for gross proceeds of $1.4
million upon the issuance of 5,600,000 units.
Each unit issued consists of one common share and one share purchase
warrant, each warrant entitling the holder to acquire an additional
common share until January 27, 2011 at a price of $0.35. Cash finder's
fees in the amount of $93,200 were paid and 66,000 compensation
warrants (with the same terms as those issued to the placees) were
issued in connection with the first tranche. All securities issued are
subject to a hold period expiring on May 28, 2009.
It is expected that the balance of the offering will close on or about
February 15, 2009. Proceeds from this financing will be used for
general working capital.
ROCA MINES INC.
"David Skerlec"
David J. Skerlec - Chief Financial Officer
For further information contact:
Investor Relations
Tel: 604-684-2900
Fax: 604-684-2902
Email: info@rocamines.com
Web: www.rocamines.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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Copyright (c) 2009 ROCA MINES INC. (ROK) All rights reserved. For
more information visit our website at http://www.rocamines.com/ or send
mailto:info@rocamines.com
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Roca Mines Inc.
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DEVELOPMENT STAGE |
CODE : ROK.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Roca Mines is a gold and molybdenum exploration company based in Canada. Roca Mines holds various exploration projects in Canada. Its main asset in development is MAX in Canada and its main exploration properties are FOREMORE and SEAGOLD in Canada. Roca Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 37.6 millions as of today (US$ 27.4 millions, € 25.6 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 3.98, and its lowest recent point on August 24, 2012 at CA$ 0.02. Roca Mines has 123 250 000 shares outstanding. |