ROCKRIDGE RESOURCES LTD. ("ROCK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 24, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on May 15, 2023:
Number of Shares: 15,598,571 shares
Purchase Price: $0.035 per share
Warrants: 15,598,571 share purchase warrants to purchase 15,598,571 shares
Warrant Exercise Price: $0.07 for a three-year period
Number of Placees: 16 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 3 750,000
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $2,450.00 N/A 70,000 Warrants
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.07 for period of 3 years from the date of issuance.
The Company issued a news release on May 16, 2023 confirming closing of the private placement. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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