Pierre Gagne

December 15, 2014 18:00 ET

Pierre Gagne Announces Acquisition of Additional Rockex Securities

THUNDER BAY, ONTARIO--(Marketwired - Dec. 15, 2014) - Mr. Pierre Gagné announces that he has acquired today an additional aggregate of 5,250,000 units (the "Units") in the capital of Rockex Mining Corporation ("Rockex") at a price of $0.02 per Unit through a private placement of Rockex. Each Unit was comprised of one common share and one warrant (a "Warrant"), with each Warrant entitling the holder to purchase one common share at a price of $0.05 within 60 months after closing.

As a result of the above-noted acquisition, Mr. Gagné now owns or controls 52,506,691 common shares representing approximately 50.66% of the issued and outstanding common shares and 18,525,727 warrants that, if exercised, would represent approximately 17.87% of the issued and outstanding common shares. In addition, Mr. Gagné holds 400,000 stock options that, if exercised, would represent approximately 0.39% of the issued and outstanding common shares.

Mr. Gagné has no present intention of acquiring additional securities of Rockex (other than with respect to the possible exercise of some or all of the warrants). Depending upon his evaluation of the business, prospects and financial condition of Rockex, the market for Rockex's securities, general economic and tax conditions and other factors, Mr. Gagné may acquire more or sell some or all of his securities of Rockex.

Rockex relied on the exemption provided in National Instrument 45-106, section 2.3 - Accredited Investor.

For more information, please contact Mr. Pierre Gagné, Chairman of the Board of Rockex Mining Corporation, by phone at 807-623-2626 or by mail at 580 New Vickers Street, Thunder Bay, Ontario P7E 6P1 to obtain a copy of the early warning report required by securities legislation and filed on SEDAR under Rockex' company profile.

Contact Information

  • Mr. Pierre Gagne
    Chairman of the Board of Rockex Mining Corporation
    807-623-2626