RockBridge Energy Inc.
TSX VENTURE : RBE

RockBridge Energy Inc.

February 02, 2010 13:12 ET

RockBridge Completes Acquisition of BC Exploration Company

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2010) - RockBridge Energy Inc. (RockBridge) (TSX VENTURE:RBE) announces that it has now completed the purchase of the BC exploration company, 0859842 BC Ltd, to be renamed RockBridge Minerals Inc. As consideration for the acquisition, RockBridge paid the vendors $50,000 and issued 4.5 million units at a deemed price $0.08 each, with each unit consisting of one share and one warrant exercisable at $0.12 per share for two years. A finders fee of 100,000 shares was paid.

The acquisition includes four licenses covering 27 mineral claims prospective for rare earth elements, consisting of approximately 1,600 acres located north of Fortune Bay in southern Newfoundland, together with 6 mineral claims covering about 6,600 acres located in the Stewart area of British Columbia and 9 mineral claims covering about 4,600 acres located in the Yukon, all prospective for gold.

RockBridge also completed the private placement of 5 million units at $0.08 each, with each unit consisting of one share and one warrant exercisable at $.16 per share for five years. The shares included in the units have a hold period expiring May 29, 2010. No finders fee was paid.

ON BEHALF OF THE BOARD

ROCKBRIDGE ENERGY INC.

Gary Mathiesen, President and CEO

This news release may include statements about expected further events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. RockBridge cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what RockBridge currently foresees. Discussion on the various factors that may affect future results is contained in RockBridge's recent filings, available on SEDAR.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

  • RockBridge Energy Inc.
    Howard Milne
    (604) 687-4719