TSX Venture Exchange: RBE
VANCOUVER, Aug. 24, 2018 /CNW/ - RockBridge Resources Inc. ("RockBridge" or the "Company" – TSXV symbol: RBE) has now completed its restructuring, including a 4 for 1 share rollback, shares for debt and the first tranche of a private placement. The 2,148,007 shares for debt at $0.06 each have been issued and the related debt of $128,880.43 has been extinguished.
The Company has closed the first tranche of the $250,000 private placement with the issuance of 3,333,333 shares at $0.06 each for proceeds of $200,000. The second tranche for $50,000 will follow. The shares issued for the private placement and the debt are subject to a four month hold from the date of issuance.
The Company is continuing to actively seek new opportunities.
ROCKBRIDGE RESOURCES INC.
Steve Mathiesen, CEO
This news release may include statements about expected further events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. RockBridge cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what RockBridge currently foresees. Discussion on the various factors that may affect future results is contained in RockBridge's recent filings, available on SEDAR.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE RockBridge Resources Inc.
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