Monday, August 03, 2015 9:08:09 AM
LAS VEGAS, NV / ACCESSWIRE / August 3, 2015 / Rimrock Gold Corp. (the "Company") (RMRK), is pleased to announce that it has closed $50,000 under the TJC Trading, LLC ("TJC") convertible note. Proceeds from the note have successfully been applied to the $50,000 yearly fee to the underlying claim holder of the Silver Cloud property under the terms of the lease agreement.
"We are very pleased to have secured these necessary funds in a very difficult environment for mining companies. Once the Company has closed on the balance of the convertible note and successfully paid the Bureau of Land Management ("BLM") fees due August 31, we will focus on key strategic initiatives to advance the Company's properties," stated Jordan Starkman, President of Rimrock Gold.
The Silver Cloud Property consists of 552 Mining Claims totaling 11,210 acres situated 55 Km northeast of the mining center of Battle Mountain, and 80 Km west-northwest of Elko city, a regional mining hub. The Silver Cloud Property lies immediately to the 3.8 km southwest of Waterton Global's epithermal bonanza gold-silver Hollister Mine, and also lies 16 Km southeast of Klondex's Midas Mine, which is currently producing gold and silver from high-grade volcanic epithermal veins.
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