Strategic Minerals Corp NL

Published : June 01st, 2007

INITIATES STRATEGIC PLAN TO SPLIT ITS OPERATIONS AND TECHNOLOGY INTO TWO SEPARATE ENTITIES AN

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Press Release

Rocmec Mining inc.                                                                                                    Symbols: RMI: TSX-V

                                                                                                                                                   D5O: FSE

 

 

Thermal fragmentation….the way of the future for mining narrow high-grade precious metal vein deposits

 

ROCMEC INITIATES STRATEGIC PLAN TO SPLIT ITS OPERATIONS AND TECHNOLOGY INTO TWO SEPARATE ENTITIES AND MANDATES GROUPS TO ORGANIZE ITS FINANCING

 

Pointe-Claire, Quebec – June 1st, 2007: Rocmec Mining inc. (TSX-V: RMI) (FSE: D5O) would like to inform its shareholders that management has started to implement its strategic development plan as summarized and made public in the press release dated February 26th, 2007 and has mandated different groups to raise the necessary financing to bring it to completion.

 

The consulting firm mandated by management to study Rocmec’s administrative structure strongly recommended that two different and independent business models be established.  Over the past months Rocmec’s technology has been demonstrated to several mining analysts, brokers and corporate finance representatives and it has proven its capacity to operate in a real life mining environment.   Considering the multiple requests from junior mining companies and mining companies currently in operation interested in employing the technology within their own mining operations, the timing is right to capitalize on the enormous potential to license the technology as well as the manpower and the expertise that comes with it.  Donald Brisebois comments: “(…) This technology now represents a tremendous added value for Rocmec’s shareholders and we feel that the markets are still unaware of its full potential. By separating our operations from the technology, our shareholders will be in a position to fully appreciate the potential of our mining exploration and development entity separately from the future success that we foresee for our technology company. (…)” The terms will be studied by the management and details of the distribution as well as the related documentation will be made public in a timely manner.

 

Furthermore, the consulting firm also recommended that the company be fully financed for the foreseeable future. To that end, the current financing round should fully finance the needs of the company to establish its technology subsidiary as a force to be reckoned with and eliminate the need to raise additional capital for the foreseeable future.  In the last few weeks management asked its financial partners for an additional effort and they all decided to join in.  Shortly, Rocmec should be in a position to announce the closing of financings that will render a minimum of $4 million to a maximum of $9 million that will be available to the company. Financings will be a combination of flow-through and private placement investments organized through groups of institutions and retails investors.  The terms and conditions will be made public as warranted by management.

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

“Donald Brisebois”

 

DONALD BRISEBOIS, PRESIDENT AND DIRECTOR

 

About Rocmec Mining

 

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 places 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 (RMI) and the FSE (D5O) exchange.

The company's growth strategy is to focus on the development of quality assets that will significantly enhance shareholder value. The development and mining of narrow high-grade vein deposits with its exclusive thermal fragmentation process should enable the Company to demonstrate the economic plus-value of this technology. The acquisition, exploration and mining development at the recently acquired Rocmec 1 (Russian Kid) property subscribe to this objective.

 

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

 

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

 

For further information, please contact

 

John Stella, Manager Investor Relations

(514)428-4185

Cell (514)718-7976

FAX (514)630-6989

jstella@rocmecmines.com

 

Paradox Investor Relations

866-460-0408

514-341-1527 (FAX)

infoparadox@qc.aira.com

 

 

 

FORWARD-LOOKING STATEMENTS -- This press release contains forward-looking statements reflecting Rocmec’s objectives, estimates, expectations and the impact of acquisitions on Rocmec’s financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Rocmec’s projections or expectations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Strategic Minerals Corp NL

CODE : SMC.AX
ISIN : AU000000SMC6
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Strategic Min is a producing silver and gold company based in Australia.

Strategic Min holds various exploration projects in Canada.

Its main exploration properties are MAGNUM and PIKE PROPERTY in Canada.

Strategic Min is listed in Australia. Its market capitalisation is AU$ 26.5 millions as of today (US$ 16.2 millions, € 14.6 millions).

Its stock quote reached its lowest recent point on May 05, 2016 at AU$ 0.00, and its highest recent level on October 18, 2019 at AU$ 0.53.

Strategic Min has 69 630 000 shares outstanding.

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