RockBridge Resources Inc.

RockBridge Resources Inc.

December 31, 2010 14:16 ET

RockBridge Resources Announces 3rd Tranche of Its $1.2 Million Non-Brokered Common & Flow Through Share Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 31, 2010) - RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE) is pleased to update the offering private placement of 5,000,000 Units at $0.12 per Unit comprised of one regular Common Share and one-half Common Share Warrant; and 4,000,000 Flow-Through Units at $0.15 per Unit comprised of one Flow-Through Common Share and one-half Common Share Warrant. Each whole Warrant is exercisable to purchase one regular Common Share at $0.25 on or before November 30, 2011 (the "Offering").

The Company is pleased to announce the 3rd Tranche Closing of 425,000 Units and 130,000 of Flow Through Units of the Offering for aggregate proceeds of $70,500 and has paid agent's fees of $3,240 and issued 24,400 Agent's warrants. Combined proceeds from the 1st, 2nd and 3rd closings are $903,645.

The securities issued in the Offering will be subject to a hold period of four months plus one day from closing. A further closing may occur shortly and is subject to applicable regulatory approvals and completion of definitive documentation.

In addition, the Company wishes to announce that it has entered onto a loan agreement with a non arms-length private company, which provides that any loan is due on demand, with interest at 12% per annum, payable monthly, secured by RockBridge assets. Pursuant to the agreement, a loan has been advanced for $150,000, which, subject to regulatory approval, is convertible to common shares prior to December 30, 2015 at $0.13 per share.

Proceeds from the Offering and Loan will be used for exploration and development of the Company's Oil and Gas assets, and working capital. The Company has defined considerable drilling targets in the Pembina, Cardium fields which it will exploit in its 2011 drilling program.

About RockBridge

RockBridge has a diversified and broad resource base including varying interests in 19 oil and gas wells and properties in Alberta and B.C. including the Pembina Cardium properties. RockBridge has a 35% to 50% interest in 4.5 sections of the Pembina field located about 50 miles southwest of Edmonton slated for the first horizontal well drilling in the first quarter of 2011, and 1 operating oil and gas well in the Bantry area about 60 miles northwest of Medicine Hat. Avatar Energy Ltd. of Calgary owns the balance of the interests in the Pembina and Bantry properties and is the operator. The operator has in total, identified 15 low risk horizontal drilling locations on the properties for development over several years. In addition, RockBridge has a 1.0% interest in the expanding Woodrush project together with 54 Newfoundland mineral claims prospective for rare earth elements and copper, 8 B.C. mineral claims and 9 Yukon mineral claims prospective for gold.

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Adrian Van de Mosselaer, President and CEO

Disclosure: Except for statements of historical fact, this news release contains certain "forward- looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements such as the estimates of reserves, the references to RockBridge's exploration program and drilling program and capital expenditures relating to, and timing of, such programs are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. There are uncertainties inherent in forward-looking information, including factors beyond RockBridge's control, and no assurance can be given that the programs will be completed on time, on budget or at all. In addition, there are numerous uncertainties inherent in estimating reserves, including many factors beyond RockBridge's control, and no assurance can be given that the indicated level of reserves or the recovery thereof will be realized. RockBridge undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in RockBridge's filings with Canadian securities regulators, which filings are available at

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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