Rocmec Mining

Published : November 04th, 2008

OBTAINS ITS CERTIFICATE OF AUTHORISATION FOR ITS UNDERGROUND TREATMENT PLANT AND CLOSES PRIVATE PLAC

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Keywords :   Canada | Dollar | Growth | Market |

Press Release

Rocmec Mining Inc.                                                                           Symbols: RMI: TSX-V

                                                                                                                           D5O: FSE

 

 

ROCMEC OBTAINS ITS CERTIFICATE OF AUTHORISATION FOR ITS UNDERGROUND TREATMENT PLANT AND CLOSES PRIVATE PLACEMENT WITH THE MINERALFIELDS GROUP

 

Vaudreuil-Dorion, Quebec, November 4th, 2008- - Rocmec Mining inc. (TSX-V Symbol: RMI - FSE Symbol: D5O), is pleased to announce that it has received from the Ministry of Sustainable Development, Environment and Parks its certificate of authorisation (CA) to operate the 75 tpd treatment plant installed underground at its Rocmec 1 property located in Rouyn-Noranda, Quebec. With the CA now in hand, Rocmec will complete the installation and commence milling the tons of mineralised rock currently stockpiled underground. Milling will allow Rocmec to verify the grades of the tonnes extracted within the framework of its bulk sampling programme currently underway.

 

Subject to the approval of the TSX Venture stock exchange, Rocmec is pleased to announce that it has closed a private placement with the MineralFields Group consisting of 4,428,571 flow-through units ("FT Units") at a price of $0.07 per FT Unit for gross proceeds of $310,000. Each FT Unit is comprised of one flow-through common share of the Company and one transferable non-flow-through share purchase warrant. Each share purchase warrant entitles its holder thereof to purchase one additional common share of the Company at a price of $0.10 for a period of 12 months from the closing date and thereafter at a price of $0.15 for an additional period of twelve months.

 

Limited Market Dealer Inc. will obtain a cash finder's fee from the Company equal to 2% of the aggregate gross proceeds along with finder's shares equal to 2% of the FT Units subscribed for and finder's options equal to 10% of the number of FT Units subscribed for. The options are issued under the same terms as the share purchase warrants issued to the subscribers.

 

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 before March 1, 2009

.

The proceeds from the sale of the FT units will be used by the Company for its Rocmec1 (Russian Kid) project located in Rouyn-Noranda, Qu�bec.

 

Subject to the approval of the TSX Venture Exchange, Rocmec announces that it will proceed with the issuance of 162,162 common shares in payment of the interest in accordance with the terms and conditions of the unsecured convertible debenture issued to Fonds r�gional de solidarit� Abitibi-T�miscamingue, s.e.c. in March 2006

 

About MineralFields, Pathway and First Canadian Securities �

 

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about the MineralFields Group is available at www.mineralfields.com. First Canadian Securities � is active in leading resource financings (both flow-through and hard dollar) on competitive, effective and service-friendly terms, with investors both within, and outside of, MoneralFields Group.

 

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 (RMI) and the FSE (D5O) exchange.

 

"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 : Canada | All
Gold and Silver Prices for these countries : Canada | 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$ 806 100 as of today (US$ 644 519, € 564 599).

Its stock quote reached its highest recent level on November 20, 2009 at CA$ 2.20, and its lowest recent point on August 11, 2022 at CA$ 0.02.

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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