ROJO RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $90,000
Rojo Resources Ltd. (the “Company”) announces that it will conduct a non-brokered private placement (the “Private Placement”) of up to 900,000 units of the Company (each a “Unit”) at a price of $0.10 per Unit, to raise gross proceeds of up to $90,000. Each Unit will consist of one common share of the Company and one half of one transferable share purchase warrant (each whole warrant a “Warrant”). Each Warrant shall be exercisable to acquire one additional common share of the Company for a period of two years at a price of $0.15 per common share.
The Private Placement is subject to TSX Venture Exchange (the “Exchange”) approval. All securities issued under the Private Placement will be subject to a four-month hold period from the date of issuance.
The Company may pay a finder’s fee in accordance with the Exchange policies and applicable securities legislation. The proceeds of the Private Placement will be used for general working capital and paying certain accounts payable.
On behalf of the Board of Directors
ROJO RESOURCES LTD.
Allen Morishita, President and Chief Executive Officer
For further information, please contact Patricia Wilson at 604 329-2079.
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.