Strategic Minerals Corp NL

Published : June 01st, 2007

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

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

 

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
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Strategic Min is a silver and gold producing 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$ 34.1 millions as of today (US$ 24.1 millions, € 20.6 millions).

Its stock quote reached its lowest recent point on May 05, 2016 at AU$ 0.00, and its highest recent level on September 11, 2020 at AU$ 0.70.

Strategic Min has 69 630 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Strategic Minerals Corp NL
9/23/2014Calibre Closes $2,000,000 Strategic Financing With Pierre La...
9/17/2014Calibre Announces $2,000,000 Strategic Financing By Pierre L...
Project news of Strategic Minerals Corp NL
2/26/2007Woolgar drilling results identify continuity of Gold Mineral...
Corporate news of Strategic Minerals Corp NL
8/21/20162016 Woolgar Gold Exploration Program Underway (PDF - 245 Kb...
7/29/2016Quarterly Cashflow Report (PDF - 148 Kb)
7/12/2016Change of Registered Office (PDF - 77 Kb)
4/28/2016Passing of Managing Director (PDF - 234 Kb)
1/29/2016Completion of Shortfall Placement (PDF - 82 Kb)
10/27/2015Supplementary Prospectus (PDF - 28 Kb)
10/21/2015Letters to Shareholders (PDF - 164 Kb)
9/3/2015Holding in Company
8/24/2015Tatu Coal Project Update
7/29/2015Quarterly Activities Report and Quarterly Cashflow Report - ...
7/20/2015Director Shareholding
7/16/2015Approval for Change of Control of Tatu Licence
7/15/2015Unmarketable Parcel Share Sale Facility (PDF - 139 Kb)
7/14/2015Total Voting Rights
7/3/2015Annual General Meeting - Clarification of Results (PDF - 77 ...
4/10/2015Grant of Options
3/31/2015Agreement to acquire Tatu Coal Mine
3/30/2015Statement re share price
3/26/2015Holding in Company
1/21/2015Directorate changes
12/22/2014End of Year Update
11/17/2014Final results from 2014 phase 2 dill program - Woolgar (PDF ...
3/28/2014Proposed Entitlement Issue (PDF - 82 Kb)
1/28/2014(RGV:TSX-V) Rio Grande Acquires Strategic Silica Property in...
3/29/2012CNX - Webcast - Confirmed Strategic Direction
1/7/2009Toreador Announces Strategic Moves for Its Turkish Operation...
9/12/2007Begins Drilling at the Timber Copper-Moly Porphyry ProspectC...
6/1/2007INITIATES STRATEGIC PLAN TO SPLIT ITS OPERATIONS AND TECHNOL...
5/22/2007Acquires Strategic Property Within Whitney Gold Project Surf...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (SMC.AX)
0.490+0.00%
AUSTRALIA
AU$ 0.490
10/16 11:00 -
0%
Prev close Open
0.490 0.490
Low High
0.490 0.490
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.490 -%
Volume 1 month var.
0 -%
24hGold TrendPower© : 34
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20206.52%0.700.35
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.08+0.50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+0.17%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.