VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2014) - Rokmaster Resources Corp. (TSX VENTURE:RKR)(LMA:RKR) (the "Company") is pleased to announce that it has closed the first tranche of its non-brokered private placement with the issuance of 10,000,000 units at a price of $0.10 per unit for gross proceeds of $1,000,000. Each unit is comprised of one common share of the Company and one non-transferable common share purchase warrant ("Warrant") exercisable to purchase one additional common share of the Company at a price of $0.20 for a period of two years expiring April 21, 2016 and subject to an acceleration clause as more detailed in the Company's news release dated April 11, 2014.
The Company paid finders' fees of $53,360 and issued 533,600 Finders' Warrants to certain finders, equal to 8% of the proceeds and number of units, respectively, placed by such finders in the financing. Each Finder Warrant has the same terms as the Warrant.
All securities issued pursuant to the first tranche are subject to a four month hold period expiring August 22, 2014. Net proceeds will be used for exploration of the Company's Pinaya Project and general working capital purposes.
For additional information in English and Spanish, including NI 43-101 compliant gold-copper resource estimates, please visit the Company's website www.rokmaster.com or call (604) 632-9602. Company regulatory filings can be reviewed at www.sedar.com
On behalf of the Board of Directors,
John Mirko, President and Chief Executive Officer.
Neither 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 release. We seek Safe Harbour.