RockBridge Announces Private Placement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/17/12 -- RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE: RBE) is proceeding with a non-brokered private placement financing of up to $5 million in flow-through units and non flow-through units, subject to regulatory approval. All units are priced at $0.05 each and each flow-through unit consists of one flow-through common share and one-half share purchase warrant. Each non flow-through unit consists of one regular common share and one whole share purchase warrant. Each whole share purchase warrant is exercisable for one year for one regular share at $0.10 each.
Finder's fees, subject to regulatory approval, of 8% will be paid on the financing to investment dealers or other qualified finders, and 8% brokers' warrants to brokers, with each warrant exercisable for one year for one regular share at $0.10.
Net proceeds from this financing will be used to fund the Company's drilling operations and for general corporate purposes. RockBridge's proposed 2012 drilling program includes an anticipated five (5) horizontal Cardium well program on the Company's eastern Pembina land block. RockBridge has been advised by its new main partner in Pembina, an experienced horizontal Cardium player with over 50 sections of Cardium rights and over 150 horizontal Cardium locations in the Pembina area, that it will move to licence four (4) horizontal Cardium wells on the joint lands as soon as practical. Timing of the drilling of these four wells will be confirmed as licencing progresses.
Another of RockBridge's partners in the Pembina Cardium play has advised that it intends to licence and spud a Cardium horizontal well on a separate block of joint lands prior to August 1, 2012. RockBridge will provide greater detail on this fifth joint interest Cardium horizontal well when it is licenced.
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.
Reference to BOE means barrels of oil equivalent and is derived by converting gas to oil at the ratio of six thousand cubic feet (mcf) of gas to one barrel (bbl) of oil. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner top and does not represent a value equivalency at the wellhead. References to BOEPD means barrels of oil equivalent per day.
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.
604-687-4719
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 17.04.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 135559
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Oil & Gas
Diese Pressemitteilung wurde bisher 197 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"RockBridge Announces Private Placement"
steht unter der journalistisch-redaktionellen Verantwortung von
RockBridge Resources Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
