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Message: Increases its Fleet of Thermal Fragmentation Units
| December 16, 2008 |
| Rocmec Increases its Fleet of Thermal Fragmentation Units |
| VAUDREUIL-DORION, QUEBEC--(Marketwire - Dec. 16, 2008) - Rocmec Mining Inc. (the "Company" or "Rocmec") (TSX VENTURE:RMI)(FRANKFURT:D5O) is pleased to announce that it has mandated Pro-Ab Equipments (2003) Inc. ("Pro-Ab"), an official Kubota distributor located in Val-d'Or, Quebec, to assemble 5 thermal fragmentation units before the end of February 2009. Pro-Ab will be modifying two of the existing fragmentation units by incorporating components that will increase their flexibility similar to the unit already in operation in Nevada. Two new units will be assembled, one of which will be shipped to South Africa upon completion. The unit currently in operation in Nevada will be retrofitted with more robust tracks capable of handling difficult terrain conditions in the sub-levels. Rocmec will use two thermal fragmentation units in Nevada, one thermal fragmentation unit in South Africa, one thermal fragmentation unit at its Rocmec 1 property, located in Rouyn-Noranda, Quebec and the last unit will remain in stock, ready and available to respond to the increasing demand from around the globe. Subject to the approval of the TSX Venture Stock Exchange, Rocmec also announces that it has closed a private placement with IBK Capital Corp. ("IBK Capital"), acting as agent, consisting of 1,250,000 flow-through units at a price of $0.10 per flow-through unit for total proceeds of $125,000. Each flow-through unit is comprised of one flow-through common share of the Company and one-half of one transferable common share purchase warrant. Each whole common share purchase warrant entitles the holder thereof to purchase one additional common share of the Company at a price of $0.12 for a period of 24 months following the closing date. In connection with the private placement, IBK Capital received a cash commission of $11,250 and 125,000 non-transferable broker warrants, with each broker warrant entitling it to purchase one common share of Rocmec at a price of $0.10 per common share for a period of 24 months following the closing date. Subject to the approval of the TSX Venture Stock Exchange, Rocmec also announces that it has closed a non-brokered private placement with accredited investors consisting of 510,000 flow-through shares at a price of $0.10 per flow-through share for total proceeds of $51,000. A cash commission of $2,000 was paid. All the securities issued in virtue of this placement are subject to certain resale restrictions imposed under the applicable securities laws, which require that the securities not be traded for a period of four months expiring on April 16, 2009. About Rocmec Mining Inc. Rocmec Mining Inc. is a Canadian junior exploration company actively involved in the acquisition, exploration and development of precious metal projects. The Company's exclusive thermal fragmentation process combined with its growth strategy positions it as the partner of choice for the development of narrow high-grade precious metal quartz vein projects. The Company's shares are listed on the TSX Venture Stock Exchange (RMI) and the FSE (D5O) exchange. About IBK Capital Corp. IBK Capital is an independent and privately owned investment banking firm which offers a full range of financial advisory services. The Firm's corporate objective is to provide the highest quality independent financial advisory services to its clients. Since its inception in February 1989, IBK Capital has established an enviable track record as an independent Canadian financial advisory firm, having played a role in transactions with a combined value of $4.3 billion. . Companies serviced by IBK Capital are active in the mining sector, the renewable energy sector and the technology sector. "Thermal fragmentation - an innovative process for mining narrow high-grade ore bodies" The Thermal Fragmentation Mining Method video can be viewed on Rocmec's website or by clicking the following link: http://www.rocmecmines.com/video_an.asp |
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