ROJO RESOURCES PROCEEDS TO PRIVATE PLACEMENT of UNITS
February 20, 2015. Vancouver, BC ‐ Rojo Resources Ltd. (“Rojo” or the “Company”) (TSX‐V: RJ) is pleased to announce that it will proceed to a non‐brokered private placement of up to 7,000,000 million units at a price of five cents ($0.05) per unit, for gross proceeds of up to $350,000. 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 ($0.10) cents per warrant share at any time for a period of two years from the date of closing provided however, that in the event that at any time the closing price of the outstanding common shares on the exchange is greater than or equal to 25 cents ($0.25) for a period of 20 consecutive trading days, the Company may, at its option, accelerate the expiry date of the warrants by giving notice to the holders thereof, and, in such case, the warrants will
expire on the date which is the earlier of: (i) the 30th day after the date on which such notice is given by the issuer and (ii) the original expiry date.
The Company will pay a finders’ fee totalling 8% cash or shares plus an 8% Broker’s Warrant. Each Broker’s Warrant is exercisable into one common share at $0.10 for two years from closing. All securities issued to purchasers and finders pursuant to the private placement will be subject to a four‐month and-a‐day hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the exchange. The proceeds of the financing will be used for ongoing working capital purposes, accounts payable and to meet a payment obligation on the Company’s Athabasca Basin property in northern Saskatchewan.
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.,
President and CEO
For further information visit our website: www.rojoresources.com
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