Rokmaster Resources Corp (OTCMKTS:RKMSF) Stock In a Range: Company Concludes Financing
Shares of Rokmaster Resources Corp (OTCMKTS:RKMSF) moved within a narrow range last week.
Market Stats
On Friday, RKMSF stock moved up 2.26% to $0.1810 with more than 5.8k shares, compared to its average volume of 30.7K shares. The stock moved within a range of $0.1810 – 0.1906 after opening trading at $0.1906.
Rokmaster Closes $1.3 Million Final Tranche and Makes Option Payment
Rokmaster Resources Corp (OTCMKTS:RKMSF) on February 24, 2022, announced closing the final tranche of earlier announced non-brokered financing with the issuance of 5,147,000 units at a price of $0.25 per unit for gross proceeds of $1,286,750.
Every unit issued in the tranche included a common share of the firm as well as one non-transferable common share purchase warrant. The securities given in Final Tranche are subject to a four-month and one-day hold period expiring June 24, 2022.
The firm paid cash finder’s fees of about $79,590 in the final tranche and issued about 318,360 finder’s warrants for some finders.
Every Finder’s Warrant will allow the holder to buy a single Warrant Share at a price of $0.45 for about two years expiring on February 23, 2024. The Financing proceeds would be harnessed for funding Revel Ridge Project as well as for general working capital purposes.
John Mirko, Rokmaster’s President, and CEO said that the company is delighted on closing the financing round with continued support from DELPHI Unternehmensberatung AG as well as existing shareholders. Mirko added that the firm also financed and is looking to advance exploration and development programs at Revel Ridge.
The firm also made a third option payment pertaining to the Revel Ridge project to Huakan International Mining Inc for the amount of C$4 million.
Key Quote
John Mirko, Rokmaster’s President and CEO stated: “We are pleased to close this round of financing with continued support from DELPHI Unternehmensberatung AG and our current shareholders and we are also financed and excited to advance our exploration and development programs at Revel Ridge.”
Traders Corner
RKMSF stock is trading below the 20-Day and 50-Day Moving averages of $0.2013 and $0.2381 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.3259.
