Rocmec Announces Extension of Warrant Term
August 23 2013 - 1:26PM
Access Wire
Vaudreuil-Dorion (Quebec), August 23, 2013- Rocmec Mining Inc. (the
"Corporation" or "Rocmec") (TSX-V Symbol: RMI), announced that it has received TSX Venture Exchange conditional
approval to extend to September 1, 2014 the expiry date of the
3,000,000 common share purchase warrants of Rocmec (the
"Warrants") issued on March 1, 2012 as part of the shares for debt
settlement completed with Desjardins-Innovatech S.E.C., all as more
fully described in Rocmec's press release of March 1, 2012. The
Warrants would have otherwise expired on September 1,
2013.
The approval of the
TSX Venture Exchange is conditional upon,
among other things, the issue price per common share under the
reverse takeover bid presently contemplated with 8431469 Canada
Inc. (Nippon Dragon Resources), as previously announced by Rocmec
by way of press release on May 23, 2013, being equal to or less
than the exercise price of the Warrants ($0.15), or if ultimately
such issue price is greater than the exercise price of the
Warrants, the rules relating to seed share resale being applicable
to the Warrants in accordance in with Policy 5.4 -
Escrow, Vendor Consideration and
Resale Restrictions of the TSX Venture
Exchange.
All other terms and conditions of
the Warrants, including the exercise price of $0.15, remain the
same.
Rocmec is active in the
exploration and the development of gold resources in Quebec and
Peru. The Corporation holds a gold property with resources
recognised in accordance with NI43-101, a modular treatment plant
and also an exclusive license for the thermal fragmentation mining
method for exploiting narrow-vein ore deposits.
The company's growth strategy is
based on:
-The
development of its gold deposits with the objective of producing
revenue from its operations;
-Increasing the value of its mining assets by
prioritizing the exploration targets; and
-The
commercialisation and employment of its thermal fragmentation
technology.
For
additional information:
John
Stella, Investor
relations(514)
718-7976jstella@rocmec.com
Andre
Savard, President &
CEO (450)
510-4442 asavard@rocmec.com
Neither 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.
This press release
includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements
of historical facts, that address future exploration drilling,
exploration and production activities and events or developments
that the Corporation expects, are forward looking statements.
Although the Corporation believes the expectations expressed in
such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
Corporation Miniere ROCMEC Mining Inc. 162 Saint-Charles Avenue,
Vaudreuil-Dorion (Quebec) J7V 2L1
Tel: (450) 510-4442 Fax: (450)
510-9901www.rocmec.com
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