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Re: News Releases - Monday, August 20, 2007
ROCA CLOSES OVER-ALLOTMENT OPTION
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Vancouver, British Columbia: Roca Mines Inc. (ROK: TSX-V) ("Roca" or
the "Company") announces, further to its press release of August 7
2007, that Desjardins Securities Inc. (the "Underwriter") has exercised
its over-allotment option for an additional 613,500 units at a price of
$3.18 per unit. In connection with the option exercise, the Underwriter
received an additional 6% cash commission on the gross proceeds of
$1,950,930 and underwriter's warrants to purchase up to 36,810 common
shares at a price of $3.18 per share until August 20, 2008.
Each unit consists of one common share and one-half of one common share
purchase warrant. A whole warrant entitles the holder to acquire one
common share at a price of $4.00 at any time until August 7, 2009.
These securities are subject to a hold period expiring on December 8,
2007.
About Roca Mines Inc.
ROCA Mines Inc. is a mining and exploration company focused on the
outstanding mineral potential located within British Columbia. Roca's
primary project is the MAX Molybdenum Project, permitted and targeting
initial production later in August-2007.
ROCA MINES INC.
"David Skerlec"
David J. Skerlec -- Chief Financial Officer
For further information contact:
Doug Fosbrooke
Investor Relations
Tel: 604-684-2900
Fax: 604-684-2902
Email: info@rocamines.com
Web: www.rocamines.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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Copyright (c) 2007 ROCA MINES INC. (ROK) All rights reserved. For
more information visit our website at http://www.rocamines.com/ or send
mailto:info@rocamines.com
Message sent on Mon Aug 20, 2007 at 1:25:10 PM Pacific Time
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Roca Mines Inc.
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DEVELOPMENT STAGE |
CODE : ROK.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Roca Mines is a gold and molybdenum exploration company based in Canada. Roca Mines holds various exploration projects in Canada. Its main asset in development is MAX in Canada and its main exploration properties are FOREMORE and SEAGOLD in Canada. Roca Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 38.8 millions as of today (US$ 28.4 millions, € 26.6 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. |