Roca Mines Inc. - News Releases - $1.05 Million Private Placement

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	Wed Jun 15, 2005 $1.05 Million Private Placement
ï¿½	ROK: #7-05 Vancouver, British Columbia: Roca Mines Inc. ("the Company") announces that it will complete a non-brokered private placement for gross proceeds of up to $1.05 million, through the issuance of 3.5 million units to be issued on a flow-through basis. The flow-through units will be priced at $0.30 each and will consist of one flow-through common share and one half of one share purchase warrant, each full warrant entitling the holder to acquire an additional non-flow-through common share for twelve months following closing at price of $0.35 for the first six months and at $0.40 for the balance of the twelve month term. Finders' fees payable in cash and/or securities will be paid on closing in connection with certain of the placees. Proceeds from the sale of the units will be used for continuing exploration at the Company's MAX Molybdenum Project near Revelstoke, British Columbia and the FOREMORE VMS-Gold Project near the Eskay Creek Mine in northwestern B.C. The private placement is subject to regulatory approval. 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: [email protected] Web: www.rocamines.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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