|Fri 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.
ROCA MINES INC.
David J. Skerlec - Chief Financial Officer
For further information contact the Company at:
Email: [email protected]
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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