We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
TSXV:RRK | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
Red Rock Energy Inc. (TSX VENTURE:RRK) ("Red Rock") announced today that, subject to regulatory approval, it intends to complete a private placement to raise a maximum of $1,000,000 by the issuance of up to 10,000,000 common share units (the "Units"). Each of the Units will be offered at $0.10 per Unit and will be comprised of one common treasury share and one warrant to purchase one-half of one common share. Each whole warrant will have a term of 24 months and an exercise price of $0.18 per share. Certain members of the Board of Directors intend to participate in this private placement, which requires a minimum subscription of $300,000 or 3,000,000 Units to close. This is a non-brokered private placement; however the Corporation expects to pay a maximum 7% fee to agents responsible for securing participation of selected third parties. Proceeds of the private placement will be used to fund a planned summer exploration program at Red Rock's uranium exploration property near Uranium City, Saskatchewan and to add to working capital. READER ADVISORY Statements in this press release may contain forward-looking information including expectations of future production, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the mining industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information. The reader is further cautioned that the preparation of financial statements in accordance with generally accepted accounting principles requires management to make certain judgements and estimates that affect the reported amounts of assets, liabilities, revenues and expenses. Estimating reserves is also critical to several accounting estimates and requires judgments and decisions based upon available geological, geophysical, engineering and economic data. These estimates may change, having either a negative or positive effect on net earnings as further information becomes available, and as the economic environment changes.
1 Year Red Rock Energy Inc. Chart |
1 Month Red Rock Energy Inc. Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions