Rocmec Mining

Published : December 16th, 2008

INCREASES ITS FLEET OF THERMAL FRAGMENTATION UNITS

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Keywords :   Growth | South Africa |

Press Release

Rocmec Mining Inc.                                                                           Symbols: RMI: TSX-V

                                                                                                                           D5O: FSE

 

 

ROCMEC INCREASES ITS FLEET OF THERMAL FRAGMENTATION UNITS

 

Vaudreuil-Dorion, Quebec, December 16th, 2008 � Rocmec Mining Inc. (the "Company" or "Rocmec") (TSX-V Symbol: RMI - FSE Symbol: D5O) is pleased to announce that it has mandated Pro-Ab Equipments (2003) Inc. ("Pro-Ab"), an official Kubota distributor located in Val-d�Or, Quebec, to assemble 5 thermal fragmentation units before the end of February 2009.

 

Pro-Ab will be modifying two of the existing fragmentation units by incorporating components that will increase their flexibility similar to the unit already in operation in Nevada. Two new units will be assembled, one of which will be shipped to South Africa upon completion. The unit currently in operation in Nevada will be retrofitted with more robust tracks capable of handling difficult terrain conditions in the sub-levels.

 

Rocmec will use two thermal fragmentation units in Nevada, one thermal fragmentation unit in South Africa, one thermal fragmentation unit at its Rocmec 1 property, located in Rouyn-Noranda, Quebec and the last unit will remain in stock, ready and available to respond to the increasing demand from around the globe.

 

Subject to the approval of the TSX Venture Stock Exchange, Rocmec also announces that it has closed a private placement with IBK Capital Corp. ("IBK Capital"), acting as agent, consisting of 1,250,000 flow-through units at a price of $0.10 per flow-through unit for total proceeds of $125,000. Each flow-through unit is comprised of one flow-through common share of the Company and one-half of one transferable common share purchase warrant. Each whole common share purchase warrant entitles the holder thereof to purchase one additional common share of the Company at a price of $0.12 for a period of 24 months following the closing date. In connection with the private placement, IBK Capital received a cash commission of $11,250  and 125,000 non-transferable broker warrants, with each broker warrant entitling it to purchase one common share of Rocmec at a price of $0.10 per common share for a period of 24 months following the closing date.

 

Subject to the approval of the TSX Venture Stock Exchange, Rocmec also announces that it has closed a non-brokered private placement with accredited investors consisting of 510,000 flow-through shares at a price of $0.10 per flow-through share for total proceeds of $51,000. A cash commission of $2,000 was paid.

 

All the securities issued in virtue of this placement are subject to certain resale restrictions imposed under the applicable securities laws, which require that the securities not be traded for a period of four months expiring on April 16, 2009.

 

About Rocmec Mining Inc. Rocmec Mining Inc. is a Canadian junior exploration company actively involved in the acquisition, exploration and development of precious metal projects. The Company's exclusive thermal fragmentation process combined with its growth strategy positions it as the partner of choice for the development of narrow high-grade precious metal quartz vein projects. The Company�s shares are listed on the TSX Venture Stock Exchange (RMI) and the FSE (D5O) exchange.

 

About IBK Capital Corp. IBK Capital is an independent and privately owned investment banking firm which offers a full range of financial advisory services. The Firm�s corporate objective is to provide the highest quality independent financial advisory services to its clients.  Since its inception in February 1989, IBK Capital has established an enviable track record as an independent Canadian financial advisory firm, having played a role in transactions with a combined value of $4.3 billion. . Companies serviced by IBK Capital are active in the mining sector, the renewable energy sector  and the technology sector.

 

 

�Thermal fragmentation � an innovative process for mining narrow high-grade ore bodies�

 

The Thermal Fragmentation Mining Method video can be viewed on Rocmec�s website or by clicking the following link:

http://www.rocmecmines.com/video_an.asp

 

Please visit us on the web at www.rocmecmines.com

 

For further information, please contact

 

John Stella,                                                                        Donald Brisebois

Manager Investor Relations                                          President and Chief Executive Officer

(450)510-4442                                                                   (450)510-4442

Cell (514)718-7976                                                         

FAX (450)510-9901                                                           FAX (450)510-9901                          

jstella@rocmecmines.com                                           dbrisebois@rocmecmines.com

 

 

 

Statements in this release that are not historical facts are � forward-looking statements � within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those in these � forward-looking statements �.

 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

Data and Statistics for these countries : South Africa | All
Gold and Silver Prices for these countries : South Africa | All

Rocmec Mining

PRODUCER
CODE : RMI.V
ISIN : CA7748324067
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Rocmec Mining is a gold producing company based in Canada.

Rocmec Mining holds various exploration projects in Canada and in Peru.

Its main asset in production is ROCMEC 1 (RUSSIAN KID) in Canada and its main exploration properties are GUILLET, RUSSIAN KID (EL COCO), MONTAUBAN and COURVILLE-MARUSKA in Canada and PUMA in Peru.

Rocmec Mining is listed in Canada. Its market capitalisation is CA$ 537 400 as of today (US$ 429 679, € 376 399).

Its stock quote reached its highest recent level on November 20, 2009 at CA$ 2.20, and its lowest recent point on August 09, 2022 at CA$ 0.01.

Rocmec Mining has 53 740 000 shares outstanding.

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Project news of Rocmec Mining
10/1/2009(Rocmec 1 (russian Kid))to unlock the potential of its Rocmec 1 property
1/21/2009(Rocmec 1 (russian Kid)) Progress at its Rocmec 1 Property
4/22/2008(Rocmec 1 (russian Kid))INTERCEPTES BOUCHER VEIN AND CUTS 132.21 G/T OVER 51 CM
3/12/2008ROCMEC STRIKES BOUCHER STRUCTURE FOR SEVENTH TIME AND INTERS...
12/18/2007(Puma)DUE DILIGENCE CONFIRMS EXTENSION OF NARROW HIGH GRADE VIEN S...
11/6/2007(Russian Kid (el Coco)) THIRD DIAMOND DRILL HOLE CONFIRMS SIGNIFICANT MINERALISED S...
10/30/2007 INTERSECTS 214 G/T GOLD OVER 2.4 M ON THE BOUCHER GOLD ZONE...
Corporate news of Rocmec Mining
5/26/2010TECHNOLOGIES PRESENTED ON THE INTERNATIONALE SCENE
3/18/2010TO TEST ITS THERMAL FRAGMENTATION MINING METHOD AT GO
10/20/2009ANNOUNCES REVENUES TOTALLING 1 MILLION FOR FISCAL 2009
8/18/2009to Commence Thermal Fragmentation Mining at Fresnillo's Cien...
8/11/2009PROVIDES UPDATE ON THERMAL FRAGMENTATION CONTRACT WITH GREAT...
5/21/2009 Signs MOU to operate and Option to acquire Rocmec 3 in Peru
12/16/2008INCREASES ITS FLEET OF THERMAL FRAGMENTATION UNITS
12/8/2008PROVIDES COMMISSIONG UPDATE OF ITS UNDERGROUND MILL AT ROCME...
11/4/2008OBTAINS ITS CERTIFICATE OF AUTHORISATION FOR ITS UNDERGROUND...
9/11/2008thermal fragmentation mining method enters the U.S. market
8/7/2008CUTS 20.3 G/T AU OVER 1.8 METRES AT ROCMEC 1
8/1/2008Releases a Video Demonstration of the Thermal Fragmentation ...
6/26/2008OBTAINS PATENTS FOR THERMAL FRAGMENTATION IN AUSTRALIA
5/27/2008CUTS 22.35 G/T OVER 1.2 METRES AT ROCMEC 1
5/13/2008 INTRODUCES THERMAL FRAGMENTATION PROCESS AT SYMPOSIUM HELD ...
4/30/2008 ACQUIRES MILLING PLANT FOR ITS ROCMEC 1 GOLD PROPERTY
4/8/2008 UPDATES PROGRESS ON PERUVIAN ACQUISITION PROJECT
2/28/2008 BEGINS A 1000 METRE DRILL CAMPAIGN IN PERU TO COMPLETE FINA...
12/11/2007DRILL CAMPAIGN CONTINUES INTERSECTING THE BOUCHER GOLD ZONE
11/20/2007 ANNOUNCES VERY POSITIVE RESULTS FROM ITS FIRST SAMPLING IN ...
11/13/2007 SELECTS AN OFFICIAL KUBOTA DISTRIBUTOR TO BUILD ITS THERMAL...
11/8/2007SIGNS OPTION TO ACQUIRE 6 NARROW VEIN GOLD CONCESSIONS IN PE...
10/4/2007French Government approval received
8/29/2007GROWING PROCESS IN MINING WORLD
6/27/2007Intercepts Several New Gold Structures at Rocmet 1 Property
6/8/2007Signs a Major Development Contract for the Rocmec 1 Property
6/2/2006Obtains a $2,000,000 gold loan
4/4/2006acceptance of Canadian patent
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