07:04 AM EDT, 04/04/2025 (MT Newswires) -- Rokmaster Resources ( RKMSF ) on Friday said it will raise up to $550,000 in a non-brokered sale of flow-through shares and non-flow-through units.
The flow-through funding will consist of up to around 6.3 million flow-through shares priced at $0.04 per share for gross proceeds of up to $250,000.
The non-flow-through funding will consist of up to 15 million non-flow-through units priced at $0.02 per unit for gross proceeds of up to $300,000.
Each non-flow-through unit will consist of one common share plus one-half non-transferable share purchase warrant exercisable to purchase one additional common share at $0.05 for a two-year period from the date of closing.
Proceeds from the sale of flow-through shares will be used to incur "Canadian exploration expenses" under the Tax Act.
Proceeds from the sale of non-flow-through units will be used on non-flow-through eligible project expenses and for general working capital purposes.
The financing is subject to TSX Venture Exchange approval.