TSX Venture Exchange: RBE
VANCOUVER, Oct. 3, 2018 /CNW/ - RockBridge Resources Inc.
("RockBridge" or the "Company" – TSXV symbol: RBE) provides the
following update on certain corporate matters.
Previously Announced Private Placement
The Company has now closed the second tranche of its previously
announced $250,000 private placement
with the issuance of 833,333 shares at $0.06 each for gross proceeds of $50,000. The shares are subject to a four
month hold from the date of issuance.
Sale of Natural Gas Wells
RockBridge has agreed to sell all of its interest in the natural
gas wells located in the Clarke Lake area of British Columbia to WhiskeyJack Energy Inc., a
company controlled by Steve
Mathiesen and Gary Mathiesen,
current officers of the Company, for consideration of $100.00 plus assumption of any and all related
liabilities, including the $61,236 of
abandonment provisions recorded on the Company's financial
statements. The sale and transfer is on an "as is, where is" basis
and will be effective September 30,
2018 and is subject to any required shareholder and
regulatory approvals.
Stock Option Grant
The Company has now granted 400,000 stock options to a director
and officer. The stock options are exercisable for an
aggregate of 400,000 shares, and are exercisable for one year at a
price of $0.205 per share.
Director Resignation
The Company also announces that Adrian
van de Mosselaer has resigned as a director and the Company
thanks him very much for his years of service.
ROCKBRIDGE RESOURCES INC.
"Rana Vig"
Rana Vig, CEO
This news release may include statements about expected
future events that are forward-looking in nature and subject to
risks and uncertainties. RockBridge cautions that actual
performance will be affected by a number of factors, many of which
are beyond its control. Future events may vary substantially from
what RockBridge currently anticipates. Discussion on the various
factors that may affect future results is contained in RockBridge's
recent filings, available on SEDAR.
Neither the TSX Venture Exchange Inc. nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange Inc.) accepts responsibility for the adequacy
or accuracy of this news release.
SOURCE RockBridge Resources Inc.