VANCOUVER, Jan. 27 /CNW/ - Roca Mines Inc. (ROK: TSX-V) announces that,
further to its press release of January 16, 2009, it has closed the first
tranche of the private placement for gross proceeds of $1.4 million upon the
issuance of 5,600,000 units.
Each unit issued consists of one common share and one share purchase
warrant, each warrant entitling the holder to acquire an additional common
share until January 27, 2011 at a price of $0.35. Cash finder's fees in the
amount of $93,200 were paid and 66,000 compensation warrants (with the same
terms as those issued to the placees) were issued in connection with the first
tranche. All securities issued are subject to a hold period expiring on May
It is expected that the balance of the offering will close on or about
February 15, 2009. Proceeds from this financing will be used for general
ROCA MINES INC.
David J. Skerlec - Chief Financial Officer
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Investor Relations, Tel: (604) 684-2900, Fax:
(604) 684-2902, Email: email@example.com, Web: www.rocamines.com