Rockridge Resources - CEO, Jonathan Wiesblatt.
CEO, Jonathan Wiesblatt.
Source: Rockridge Resources.
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  • Rockridge (ROCK) has completed an oversubscribed financing for C$2,362,450
  • It plans to use the proceeds for working capital and the upcoming drilling program at its Knife Lake Copper Project in Saskatchewan
  • The property offers strong discovery potential from its main deposit as well as regional targets
  • Rockridge Resources is focused on the acquisition, exploration and development of Canadian copper and gold properties
  • Rockridge (ROCK) is up by 15.79 per cent trading at $0.11 per share

Rockridge Resources (ROCK) has completed an oversubscribed private placement for proceeds of C$2,362,450.

It issued 15,988,335 non-flow-through units priced at $0.09 and 9,235,000 flow-through units priced at $0.10.

Each unit is comprised of one common share and one warrant.

Each warrant entitles the holder to purchase one common share for $0.15 for 36 months from issuance.

Each flow-through unit is comprised of one common share and one-half of one warrant.

Each warrant entitles the holder to purchase one non-flow-through common share for $0.15 for 36 months from issuance.

The company plans to use the proceeds for working capital and exploration activities, including the upcoming drilling program at its Knife Lake Copper Project in Saskatchewan.

The property offers strong discovery potential from its main deposit as well as regional targets.

Rockridge Resources is focused on the acquisition, exploration and development of copper and gold properties in Canada.

Rockridge (ROCK) is up by 15.79 per cent trading at $0.11 per share as of 2:53 pm EST.

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