news.gif (1KB)
oShow printable version of '$500,000 Private Placement Closes' in a New WindowEmail '$500,000 Private Placement Closes' to a friendFri Nov 26, 2004
$500,000 Private Placement Closes

 ROK: #24-04

Vancouver, British Columbia, November 26, 2004: Roca Mines Inc. (the "Company") has closed the $500,000 private placement originally announced on November 5, 2004. Two million units ("Units") have been issued, each Unit consisting of one flow-through common share and a half of one share purchase warrant. Each warrant will entitle the holder to purchase one non-flow-through common share until November 26, 2005.

Canaccord Capital Corporation ("Canaccord") acted as Agent with respect to $400,000 of the total gross proceeds and received a commission of $20,000 cash, 80,000 Units and an option to purchase up to 200,000 common shares until November 26, 2005 at a price of $0.25 per share. Roca also paid Canaccord an administrative fee of $5,000 and a corporate finance fee of 30,000 units, each consisting of one common share and one warrant exercisable at $0.25 per share for one year following closing. All securities issued pursuant to the private placement are subject to a hold period expiring on March 27, 2004.


"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]

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

You can view the Next News Releases item: Tue Nov 30, 2004, MAX Molybdenum Project: Hatch Associates Ltd. Retained for Engineering Studies

You can view the Previous News Releases item: Thu Nov 18, 2004, New Field Work Expands the Horizon Gold Zone

You can return to the main News Releases page, or press the Back button on your browser.

Adnet Communications Inc.