Welcome To The Rocmec Mining HUB On AGORACOM
An innovative process for mining narrow high-grade ore bodies
Message: Pays Interest to Regional Solidarity Fund
| May 12, 2009 |
| Rocmec Pays Interest to Regional Solidarity Fund |
| VAUDREUIL-DORION, QUEBEC--(Marketwire - May 12, 2009) - Subject to the approval of the TSX Venture Stock Exchange Rocmec Mining Inc. (TSX VENTURE:RMI)(FRANKFURT:D5O), announces that it will proceed with the issuance of 166,667 common shares in final payment of interest due in accordance with the terms and conditions of the unsecured convertible debenture issued to Regional Solidarity Fund of Abitibi-Témiscamingue, s.e.c. in March 2006. Rocmec announces that it has closed a non-brokered private placement of 5,000 units, at a price of $0.10 per unit, for gross proceeds of $5,000. Each unit is comprised of one flow-through common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder thereof to purchase one additional common share of Rocmec, at a price of $0.12 per common share, for a period of 24 months following the closing of the private placement. In connection with the private placement, a cash commission of $500 was paid to a person dealing entirely at arm's length with the Company. The private placement is subject to the final approval of the TSX Venture Exchange and of the regulatory authorities having jurisdiction on the Company's securities. The securities issued in connection with the private placements are subject to certain resale restrictions which require that the securities not be traded for a period of four months plus one day. About Rocmec 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 place it as the partner of choice for the development of narrow high-grade precious metal quartz vein properties. The Company is listed on the TSX Venture Exchange and trades under the symbol: RMI Rocmec's growth strategy is to focus on the development of quality assets that will significantly enhance shareholder value. Exploitation of narrow high-grade precious metal quartz veins with its exclusive thermal fragmentation process coupled with conventional mining methods will lead the Company in becoming a mid-size gold producer. The acquisition, development and future exploitation activities at the recently acquired Rocmec I (Russian Kid) property are an excellent example of this strategy. 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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