Rocky Mountain Resources Corp.

Rocky Mountain Resources Corp.

September 19, 2007 14:49 ET

Rocky Mountain Announces Completion of Initial Public Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 19, 2007) - ROCKY MOUNTAIN RESOURCES CORP. ("Rocky Mountain") is pleased to announce that it has completed its initial public offering of 2,500,000 common shares at the price of $1.00 per common share for aggregate gross proceeds of $2,500,000 pursuant to its prospectus dated July 19, 2007, and will be filing all final listing documents with the TSX Venture Exchange Inc. (the "TSX Venture"). As a result of this issuance, the Corporation has 14,454,000 common shares issued and outstanding. The Corporation granted agent's compensation options to acquire an aggregate of 250,000 common shares at an exercise price of $1.00 per common share for a period of twelve months. Rocky Mountain has paid the agent a commission of 175,000 common shares and a corporate finance fee of 50,000 shares at a deemed price per Share of $1.00. Haywood Securities Inc. acted as agent in connection with this initial public offering. There has been no material change in the business and affairs of Rocky Mountain other than the foregoing.

The directors and officers of the Corporation are:

- Brian J. McAlister, Director, President and CEO

- Brian E. Bayley, Director

- Alan Branham, Director

- George T. Hawes, Director

- Dr. Kelly Hyslop, Director

- K. Peter Miller, CFO

- Sandra Lee, Corporate Secretary

Rocky Mountain's present intention is to locate and develop economic precious and base metals properties of merit.

The common shares of Rocky Mountain will commence trading on September 24, 2007 on the TSX Venture Exchange under the symbol "RKY" after the final bulletin has been issued by the TSX Venture.

The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.

Contact Information

  • Rocky Mountain Resources Corp.
    Sandra Lee
    Corporate Secretary
    (604) 689-1428
    (604) 681-4692 (FAX)