RockBridge Announces Close of Its Flow-Through Share Financing
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/27/12 -- RockBridge Resources Inc. (TSX VENTURE: RBE) ("RockBridge" or the "Company") is pleased to announce the closing as of December 30, 2011 of its flow-through offering of 5,420,000 units for aggregate proceeds of $271,000. The units were issued at $0.05 each and comprise of one flow-through common share and one-half warrant, with each whole warrant exercisable to purchase one non-flow-through common share at $0.15 each for two years. The Company has paid agent's fees of $10,000 and issued 200,000 agent's warrants with each warrant exercisable for two years for one common share at $0.15.
The securities issued in the offering will be subject to a hold period of four months plus one day from the closing of December 30, 2011. The closing is subject to applicable regulatory and TSX Venture Exchange approvals.
Proceeds from the offering will be used for development of certain of the joint venture projects with Crimson Energy Ltd. and for working capital.
About RockBridge
RockBridge, along with the joint venture projects with Crimson, has 35% to 50% working interests in 5 sections in the Pembina Cardium field in Alberta. In addition, RockBridge has a 1.0% interest in the expanding Woodrush project in BC and various non-operated interests in Alberta.
ON BEHALF OF THE BOARD
ROCKBRIDGE RESOURCES INC.
Mike O'Byrne, 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 press release.
Contacts:
RockBridge Resources Inc.
Mike O'Byrne
CEO
604-687-4719
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Unternehmensinformation / Kurzprofil:
Datum: 27.01.2012 - 20:27 Uhr
Sprache: Deutsch
News-ID 108621
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Oil & Gas
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