01:03:30 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Rockcliff Copper Corp
Symbol RCU
Shares Issued 103,201,018
Close 2016-07-21 C$ 0.09
Market Cap C$ 9,288,092
Recent Sedar Documents

Rockcliff Copper arranges $1.75-million financing

2016-07-22 11:04 ET - News Release

Mr. Ken Lapierre reports

ROCKCLIFF ANNOUNCES $1.75 MILLION NON-BROKERED PRIVATE PLACEMENT

Rockcliff Copper Corp. is offering up to 25 million units of the company at a price of seven cents per unit for up to $1.75-million.

The proceeds from the offering will be used to finance a significant drill program at the company's two principal properties, the Talbot property and the Rail property.

Each unit is priced at seven cents and consists of one common share and one-half of a common share purchase warrant. Each full warrant entitles the holder to purchase one common share at a price of 10 cents for two years from closing.

Eligible finders may receive up to 8 per cent of the value of proceeds of the sale of units in cash and up to 8 per cent of the number of units sold in the form of broker warrants. Each broker warrant entitles the holder to acquire one common share of Rockcliff at seven cents for a period of two years from closing.

All securities issued pursuant to the above-referenced private placement are subject to a statutory four-month hold period. The offering is subject to regulatory approval.

Insiders of the company may subscribed for up to 1.5 million units of the offering. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 by virtue of the exemptions contain in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the company issued to the insiders did not exceed 25 per cent of its market capitalization.

We seek Safe Harbor.

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