Rolling Rock Resources Corporation

Rolling Rock Resources Corporation

January 09, 2008 08:02 ET

Rolling Rock Resources Corporation: Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2008) - Rolling Rock Resources Corporation (the "Company") (TSX VENTURE:RLL) announces a non-brokered private placement (the "Private Placement") with aggregate gross proceeds of up to $1,380,000 from the sale of up to 6,000,000 units at a price of $0.23 per unit (the "Unit"). Each Unit will consist of one common share and one non-transferable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase an additional common share for a price of $0.40 per share for a period of one year from the date of closing of the Private Placement.

The Issuer may pay finder's fee allowable under the TSX Venture Exchange policies. The Private Placement is subject to compliance with applicable securities laws and to receipt of regulatory approval.

Proceeds of the Private Placement will be used primarily for continued exploration of the Company's Monument Bay Property and Domain properties, as well as general corporate purposes.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rolling Rock Resources Corporation
    Scott Angus
    (604) 488-1456