| ||Thu Dec 8, 2005|
$300,000 Private Placement Closes
| ||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 J. Skerlec -- Chief Financial Officer
For further information contact the Company at:
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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