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.
