|Tue Jan 18, 2005|
$624,000 Private Placement Closes
| ||ROK: #1-05|
Vancouver, British Columbia, January 18, 2005: Roca Mines Inc. (the "Company") has now closed the private placement originally announced on December 23, 2004. Canaccord Capital Corporation and Bolder Investment Partners Ltd. (the "Agents") completed the maximum offering of 1.75 million units and exercised the over-allotment option for an additional 330,000 units for total gross proceeds of $624,000. Each unit ("Unit") consists of one common share and one share purchase warrant ("Warrant"), each Warrant entitling the holder to purchase one common share at a price of $0.35 during the first six months following closing, and at $0.40 thereafter until January 18, 2006. The Agents received a commission of $49,920 and 166,400 Warrants, and a corporate finance fee of 40,000 Units. All securities issued pursuant to the private placement are subject to a hold period expiring on May 19, 2005.
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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