Source: Lion Rock Resources Inc.
  • Lion Rock Resources (ROAR) has announced a non-brokered private placement for gross proceeds of up to $1,000,000
  • The company will issue up to 10,000,000 units at a price of $0.10 per unit
  • The company intends to use the proceeds from the offering for general working capital
  • Lion Rock Resources Inc. is northwestern Ontario’s newest gold‐copper explorer whose flagship property, the Maybrun, is a past‐producing mine
  • Lion Rock Resources Inc. opened trading at $0.13 per share

Lion Rock Resources (ROAR) has announced a non-brokered private placement for gross proceeds of up to $1,000,000.

The company will issue up to 10,000,000 units at a price of $0.10 per unit. Each unit will be made up of one common share and one share purchase warrant, with each warrant entitling the holder to acquire one additional common share at a price of $0.15 per share.

The company intends to use the proceeds from the offering for general working capital.

Finders’ fees may be payable on the offering in line with the policies of the TSX Venture Exchange.

All securities issued under the offering will be subject to regulatory hold periods expiring four months from the date of issue.

Lion Rock Resources Inc. is northwestern Ontario’s newest gold‐copper explorer whose flagship property, the Maybrun, is a past‐producing mine (Maybrun gold‐copper deposit).

Lion Rock Resources Inc. (ROAR) opened trading at $0.13 per share.


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