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| | Thu Dec 8, 2005
$300,000 Private Placement Closes
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| | Vancouver, British Columbia: Roca Mines Inc. ("the Company") has closed the $300,000 private placement announced on November 10, 2005. 1,000,000 units have been issued at a price of $0.30 per unit, each unit consisting of one common share and one warrant, each warrant entitling the holder to acquire an additional common share at a price of $0.40 until December 8, 2006. The terms and conditions of the warrants provide that, if the Company's shares trade above $0.80 for 10 consecutive trading days, the warrantholders will be given notice that they have 30 days to exercise or the warrants will expire.
All securities issued pursuant to the private placement are subject to a hold period expiring on April 9, 2006. A finder's fee of $17,465 was paid in connection with this private placement.
ROCA MINES INC.
"David Skerlec"
David J. Skerlec -- Chief Financial Officer
For further information contact the Company at:
Tel: 604-684-2900
Fax: 604-684-2902
Email: info@rocamines.com
Web: www.rocamines.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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