VANCOUVER, July 12, 2012 /CNW/ - Roca Mines Inc. (TSX-V: ROK) ("Roca" or "the Company") announces that it has been active in seeking potential investment to the Company through several financing opportunities while concurrently managing its assets in the face of difficult market conditions.
Global uncertainty and a general weakening of support in the resource sector and in particular molybdenum investments have brought the Company to a point where new financial initiatives must be undertaken. Roca and its wholly-owned subsidiary, FortyTwo Metals Inc. has recently engaged a financial advisor to assist in evaluating a broader range of opportunities available to it, including: structured debt, asset and tax pool sales, joint ventures and other arrangements.
The primary intent of this engagement is to preserve value for our shareholders and all stakeholders, including our trade-related creditors. The Company's Board and management, together with its financial advisor, are evaluating strategic alternatives for our business and will provide further updates when appropriate.
ROCA MINES INC.
Scott E. Broughton - President and Chief Executive Officer
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.
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