ROJO RESOURCES CLOSES NON BROKERED PRIVATE PLACEMENT OF UNITS
May 26, 2015. Vancouver, BC – Rojo Resources Ltd. (“Rojo” or the “Company”) (TSX-V: RJ) is pleased to announce that it has received TSX Venture Exchange (“Exchange”) approval and closed its non-brokered private placement of 900,000 units (the “Units”) at $0.10 per Unit for gross proceeds of $90,000 on May 25, 2015 (the “Private Placement”). Each unit consists of one common share and one half warrant. Each whole warrant will be exercisable to acquire one common share (a “warrant share”) at an exercise price of ten ($0.15) cents per warrant share at any time for a period of two years from the date of closing.
All securities issued to the purchasers pursuant to the private placement will become free trading on September 26, 2015 pursuant to a four month statutory hold period.
The proceeds of the financing will be used for ongoing working capital purposes and accounts payable.
Resignation of Director
Ms. Cathy Fong has resigned from the Board of Directors effective today and the Company would like to take this opportunity to wish her all the best for the future and thank Ms. Fong for her valuable contributions over the years.
About Rojo Resources Ltd.:
Rojo Resources Ltd. (formerly Lucky Strike Resources Ltd.) is an exploration company with an option to earn a 25% interest in approximately 700,000 acres of prospective land between seven properties in the Athabasca Basin of northern Saskatchewan.
On behalf of the Board of directors of Rojo Resources Ltd.,
Chairman and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.