Rocmec Announces Extension of Warrant Term
Vaudreuil-Dorion (Québec), August 23, 2013– Rocmec Mining Inc. (the “Corporation” or “Rocmec”) (TSX-V Symbol: RMI), announced that it has received TSX Venture Exchange conditional approval to extend to September 1, 2014 the expiry date of the 3,000,000 common share purchase warrants of Rocmec (the "Warrants") issued on March 1, 2012 as part of the shares for debt settlement completed with Desjardins-Innovatech S.E.C., all as more fully described in Rocmec’s press release of March 1, 2012. The Warrants would have otherwise expired on September 1, 2013.
The approval of the TSX Venture Exchange is conditional upon, among other things, the issue price per common share under the reverse takeover bid presently contemplated with 8431469 Canada Inc. (Nippon Dragon Resources), as previously announced by Rocmec by way of press release on May 23, 2013, being equal to or less than the exercise price of the Warrants ($0.15), or if ultimately such issue price is greater than the exercise price of the Warrants, the rules relating to seed share resale being applicable to the Warrants in accordance in with Policy 5.4 - Escrow, Vendor Consideration and Resale Restrictions of the TSX Venture Exchange.
All other terms and conditions of the Warrants, including the exercise price of $0.15, remain the same.
Rocmec is active in the exploration and the development of gold resources in Quebec and Peru. The Corporation holds a gold property with resources recognised in accordance with NI43-101, a modular treatment plant and also an exclusive license for the thermal fragmentation mining method for exploiting narrow-vein ore deposits.
The company’s growth strategy is based on:
• The development of its gold deposits with the objective of producing revenue from its operations;
• Increasing the value of its mining assets by prioritizing the exploration targets; and
• The commercialisation and employment of its thermal fragmentation technology.
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration and production activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Corporation Minière ROCMEC Mining Inc. 162 Saint-Charles Avenue, Vaudreuil-Dorion (Quebec) J7V 2L1
Tel: (450) 510-4442 Fax: (450) 510-9901 www.rocmec.com