Pierre Gagne

November 26, 2013 12:07 ET

Pierre Gagne Announces Early Warning Report on His Rockex Holdings

THUNDER BAY, ONTARIO--(Marketwired - Nov. 26, 2013) - Mr. Pierre Gagné is pleased to announce that he has acquired a total of 18,971,827 units (the "Units") in the capital of Rockex Mining Corporation ("Rockex") (at a price of $0.04 per Unit) in both his personal capacity and through two companies controlled by him (together with Mr. Gagné or any one of them individually, the "Offeror"). Each Unit was comprised of one common share (a "Common Share") and one warrant (a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.05 per share at any time within 6 months after the issuance of the Units, or $0.075 per share within 6 to 12 months after the issuance of the Units, or $0.10 per share thereafter until expiry of the Warrants 48 months after issuance of the Units.

As a result of this acquisition, the Offeror now owns or controls 46,955,291 Common Shares representing approximately 53.06% of the issued and outstanding Common Shares and 19,084,327 Warrants that, if exercised, would represent approximately 21.56% of the issued and outstanding Common Shares. In addition, the Offeror owns 400,000 stock options that, if exercised, would represent approximately 0.45% of the issued and outstanding Common Shares.

The Offeror has acquired the securities for investment purposes and 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, the Offeror may acquire more or sell some or all of his securities of Rockex.

Contact Information

  • Mr. Pierre Gagne
    Chairman of the Board of Rockex Mining Corporation
    807-623-2626
    580 New Vickers Street, Thunder Bay, Ontario P7E 6P1