RockBridge Resources Inc.

RockBridge Resources Inc.

March 17, 2011 11:02 ET

RockBridge Resources Announces Private Placement

CALGARY, ALBERTA--(Marketwire - March 17, 2011) - RockBridge Resources Inc. (TSX VENTURE:RBE) ("RockBridge" the "Company"), announces that it is undertaking a non-brokered private placement of 3,500,000 Units at $0.17 per Unit comprised of one regular 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 March 31, 2012. The Company has agreed to pay investment dealers or other qualified finder's fees of up to 8% cash and, to brokers, 8% broker warrants exercisable for one Common Share at a price of $0.17 to March 31, 2012.

The private placement is subject to regulatory approval and all securities issued will be subject to a four (4) month hold period. Proceeds of the private placement will be utilized to fund RockBridge's horizontal drilling, completions, and equipping operations at its Pembina Cardium Oil properties.


RockBridge has 35% to 50% working interests in 4.5 sections in the Pembina Cardium field in Alberta. The Company and its partner have identified 15 to 20 low risk horizontal drilling locations on the properties. In the first quarter of 2011, the Company has drilled the first of its horizontal wells targeting the Cardium formation and is awaiting completion operations. In addition, RockBridge has a 1.0% interest in the expanding Woodrush project and various non-operated interests in Alberta and British Columbia.



Richard J. Wolfli, President and CEO

This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by RockBridge. The forward-looking statements or information contained in this news release are made as of the date hereof and RockBridge does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulator Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.

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