11:12:29 EDT Mon 29 Apr 2024
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Red Rock QT, name change to Auric Resources

2024-02-23 20:10 ET - New Listing

See Change Name (C-RCC) Red Rock Capital Corp (2)

The TSX Venture Exchange has accepted for filing the company's qualifying transaction, as described in its filing statement dated Feb. 9, 2024, and news release dated Feb. 22, 2024. As a result, at the opening on Tuesday, Feb. 27, 2024, the company will no longer be considered a capital pool company.

The qualifying transaction includes the following.

Pursuant to an option agreement dated Nov. 23, 2022, as amended on May 19, 2023, and Feb. 20, 2024, with Jadeite Capital Corp., the company has been granted the option to acquire a series of mineral claims located in the province of Quebec, known by the names Gosselin and Normetal South. Consideration payable by the company to exercise the option includes a series of cash payments totalling $300,000 over 12 months and an aggregate of 7.75 million units of the company at a deemed price of 16 cents per unit to Jadeite over a period of three years. Each unit of the company consists of one common share of the company and one share purchase warrant, which will entitle Jadeite to acquire an additional common share of the company at a price of 20 cents for a period of three years.

The exchange has been advised that the above transaction closed on Feb. 22, 2024.

For further information, see the company's filing statement and updating news release, which are available on the company's SEDAR+ profile.

In addition, the exchange has accepted for filing the following.

Graduation from the NEX to the TSX Venture Exchange, name change and new symbol

As a result of completing its qualifying transaction, the company has met the requirements to be listed as a TSX Venture Exchange Tier 2 company. Therefore, effective on Tuesday, Feb. 27, 2024, the company's listing will transfer from the NEX to the TSX Venture Exchange, the company's tier classification will change from the NEX to Tier 2, and the filing and service office will change from NEX to Vancouver.

Pursuant to a directors resolution dated Nov. 28, 2023, the company effected a name change to Auric Resources Corp. on Feb. 15, 2024. There is no consolidation of capital.

Effective at the opening, Tuesday, Feb. 27, 2024, the common shares of Auric Resources will commence trading on the TSX Venture Exchange and the common shares of Red Rock Capital Corp. will be delisted.

Effective at the opening, Tuesday, Feb. 27, 2024, the trading symbol for the company will change from RCC.H to RES.

Capitalization:  unlimited shares with no par value, of which 24,457,866 shares are issued and outstanding

Escrow:  up to 7.75 million consideration shares to be subject to a Tier 2 value escrow agreement with retroactive release schedule to the date of this bulletin, with 1,937,500 consideration shares subject to escrow at the date of this bulletin; 4,023,272 shares remain escrowed pursuant to a pre-existing escrow agreement

Transfer agent:  TSX Trust Company

Symbol:  RES (new)

Cusip No.:  05155H 10 4 (new)

The company is classified as a gold and silver ore mining company (NAICS No. 212220).

Resume trading

Effective at the opening, Tuesday, Feb. 27, 2024, the common shares of the company will resume trading.

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