November 29, 2011 - Highland Park SA ("Highland Park") announces that it
has acquired an aggregate of 7,062,000 units (the "Units") of Rockridge
Capital Corp. ("Rockridge") at a price of $0.64 per Unit pursuant to a
private placement (the "Private Placement"). Each Unit is comprised of
one common share of Rockridge (a "Share") and one transferable Share
purchase warrant (a "Warrant"). Each Warrant entitles the holder to
purchase one Share of Rockridge at a price of $0.80 per Share until
January 13, 2013.
The Private Placement closed on July 13, 2011 and 756,738 Units were
held in escrow until August 26, 2011 pending the receipt of TSX Venture
Exchange approvals, as required by the TSX Venture Exchange. Prior to
the Private Placement Highland Park did not own any Shares or Warrants.
The Shares of Rockridge owned by Highland Park represent 11.19% of the
63,120,001 Shares currently issued and outstanding. Assuming the
exercise of the Warrants, Highland Park would own 14,124,000 Shares, or
20.12% of the issued and outstanding Shares, assuming no other options,
warrants or convertible securities of Rockridge are exercised or
converted and no other Shares are otherwise issued by Rockridge.
The Units were acquired by Highland Park for investment purposes.
Depending upon market conditions and other factors that Highland Park
may deem material to its investment decisions, additional securities of
Rockridge may be purchased in the open market or in private
transactions. Depending on these same factors, securities currently
owned (or hereafter acquired) by Highland Park may be sold in the open
market or in private transactions. This press release is issued
pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting
Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing
matters. A copy of this report may be obtained by contacting Highland
Park at the number referenced below.
SOURCE Highland Park SA
For further information:
For additional information concerning the foregoing or a copy of the report referred to in this release, please contact:
Chemin du Joran 6a
Tel +41-22-3119560 Fax +41-22-3119166