VANCOUVER, Nov. 30, 2017 /CNW/ - Rockshield Capital Corp. (CSE: RKS), (US:CRUOF), (FSE:6BC) ("Rockshield" or the "Company") is pleased to report on two additions to its portfolio of investee companies.
Atlas Cloud Enterprises (AKE:CSE – 1.05) Through existing state-of-the-art operations and scalability with some of the cheapest electrical power in the world, Atlas Cloud Computing is ideally positioned to become one of the premier Bitcoin Mining and Blockchain service companies in North America. Rockshield purchased 300,000 units at 35 cents per unit. Each unit will consist of one common share in the capital of the company and one transferable common share purchase warrant, with each warrant exercisable into one additional common share at a price of 75 cents for a period of 24 months from the date of closing.
Miramont Resources (MONT:CSE - 0.60) recently closed its Puno Gold acquisition in conjunction with a $6 million offering led by Red Cloud Klondike Strike and Sprott Capital Partners. In addition, Miramont has appointed Dr. Quentin Hennigh as Director and Chairman. Dr. Hennigh currently serves as President and a director of Novo Resources Corp. Rockshield purchased 300,000 units at 30 cents per unit. Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant exercisable into one additional common share at a price of 45 cents for a period of 24 months from closing of the offering.
The Company's Chief Executive Officer, David Doherty, said "We are fortunate to participate in dynamic young companies across various sectors. We foremost look to partner and fund Management Teams who have the foresight and ability to carry out a business plan and raise capital which will allow a company the best chance of future success."
Rockshield Capital Corporation
Rockshield is a publicly traded venture capital fund under the symbol RKS on the Canadian Securities Exchange. Rockshield offers investors a chance to gain exposure to early stage seed investment in companies they typically would not get access to. Leveraging the vast professional network and experience of the management Rockshield reviews hundreds of deals a year and chooses those which have the best return potential under the current market environment.
For further information regarding Rockshield, see Rockshield's disclosure documents on SEDAR at www.sedar.com.
The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE Rockshield Capital
For further information: Rockshield Capital Corp., David Doherty, President and CEO, [email protected]