Razore Rock Resources Inc.

February 11, 2011 14:58 ET

Razore Rock Announces Listing on CNSX and Closing of Final Tranche of Private Placement

TORONTO, ONTARIO--(Marketwire - Feb. 11, 2011) - Razore Rock Resources Inc. ("Razore Rock" or the "Company") is pleased to announce that its common shares will be listed for trading on the Canadian National Stock Exchange effective at open on Monday, February 14, 2011. The common shares will trade under the symbol "RZR".

The Company is also pleased to announce that, further to its press releases of December 31, 2010, January 14, 2011 and January 28, 2011, the Company has closed the final tranche of its non-brokered unit private placement for proceeds of $10,000. The Company placed 200,000 WC Units of the Company at a price of $0.05 per WC Unit with each WC Unit consisting of one (1) common share and one (1) common share purchase warrant (each a "WC Warrant"). Each WC Warrant entitles the holder to purchase one (1) common share at an exercise price of $0.10 per WC Warrant Share until the earlier of: (i) August 11, 2012; and (ii) in the event that the closing price of the Common Shares is at least $0.20 for twenty (20) consecutive trading days, and the 20th trading day (the "Final Trading Day") is at least four (4) months from February 11, 2011, the date which is thirty (30) days from the Final Trading Day (the "Trigger Date"). Securities issued under this private placement are subject to a hold period ending June 12, 2011.

Contact Information

  • Razore Rock Resources Inc.
    Mr. William R. Johnstone
    Corporate Secretary, Treasurer,
    Acting Chief Financial Officer and a director of the Company
    (416) 865-6605