RockBridge Resources Inc.

RockBridge Resources Inc.

December 06, 2010 16:20 ET

RockBridge Resources Announces Partial Close of its $1.2 million Non-Brokered Common & Flow Through Share Financing

CALGARY, ALBERTA--(Marketwire - Dec. 6, 2010) - RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE) is pleased to announce 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 initial Closing of 3,128,000 Units and 1,029,500 of Flow Through Units of the Offering for aggregate proceeds of $529,785 and has paid agent's fees of $39,947 and issued 314,760 Agent's warrants.

The securities issued in the Offering will be subject to a hold period of four months plus one day from closing. A second closing of the Offering is scheduled for mid December, 2010 and is subject to applicable regulatory and TSX Venture Exchange approvals and completion of definitive documentation.

Proceeds from the Offering 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.

Adrian Van de Mosselaer
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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