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Rokmaster to Raise Up to $550,000 in Sale of Shares, Units
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Rokmaster to Raise Up to $550,000 in Sale of Shares, Units
Apr 4, 2025 4:34 AM

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.

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