Roxmark receives $2.14 million from warrants exercised
* Press Release
* Source: Roxmark Mines Limited
* On 11:00 am EDT, Monday October 19, 2009
TORONTO, Oct. 19 /CNW Telbec/ -
Roxmark Mines Limited -
(TSXV-RMK) today announced that investors in a December 2008
private placement financing have fully exercised their common
share purchase warrants.
Roxmark has received the sum of $2,142,856 pursuant
to the exercise of 14,285,712 common share purchase warrants
at an exercise price of $0.15 per share.
Expiry of the warrants was advanced under certain conditions
as per the agreement.
http://finance.yahoo.com/news/Roxmark-receives-214-million-cnw-825088787.html?x=0&.v=1
Funds raised will be used for general corporate purposes and to assure that Roxmark has sufficient funding for its field programs.
About Roxmark Mines
Roxmark Mines Limited -
is the leader in gold and molybdenum exploration and
development in the historically significant Geraldton-
Beardmore area of Northwest Ontario.
In addition to the Hardrock Project in the Geraldton Camp,
Roxmark is pursuing a number of initiatives in
the Beardmore Camp, including re-opening
The Northern Empire Mine -
and its onsite mill -
and expanding the resource base at
The Leitch-Sand River Mine -
once Canada's richest producing gold mine.
In recent years, Roxmark has generated cash flow from
bulk-sampled gold and molybdenum processed at its
fully-permitted mill and has the advantage of infrastructure
from nine formerly highly productive gold mines located
on its properties.
These mines previously produced nearly four million ounces
of gold from high-grade ore but were closed primarily due
to boundary issues and dramatically lower gold prices
at the time.
On October 13, 2009 Roxmark and Ontex Resources announced
their intention to merge, subject to shareholder approval
and other conditions, creating a combined company with
significantly greater gold resources and land holdings in
the Geraldton-Beardmore area-as well as important
operational synergies.
The merger values each Roxmark share at 0.8 of an Ontex share.
Further information is available on the Company's website at
http://www.roxmark.com
and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
For further information
Monir Younan, President, Roxmark Mines Limited, (41..., Fax: (416) 360-7355, roxmark@on.aibn.com
http://www.roxmark.com
RMK - EX..GOLD Spot fiatz$ 10,000.-/oz?
ex..
selling...brainwashed by banksterz basherz -
Gold Spot (FOREX:XAUUSDO) fiatz$ 1060.92/oz bargain
Last trade 1060.92 Change +8.12 (+0.77%)
Open 1052.80 Previous Close 1052.8
High 1061.92 Low 1048.00
Bid 1060.92 Ask 1061.42
2009-10-19 14:36:52, 0 min delay
* Press Release
* Source: Roxmark Mines Limited
* On 11:00 am EDT, Monday October 19, 2009
TORONTO, Oct. 19 /CNW Telbec/ -
Roxmark Mines Limited -
(TSXV-RMK) today announced that investors in a December 2008
private placement financing have fully exercised their common
share purchase warrants.
Roxmark has received the sum of $2,142,856 pursuant
to the exercise of 14,285,712 common share purchase warrants
at an exercise price of $0.15 per share.
Expiry of the warrants was advanced under certain conditions
as per the agreement.
http://finance.yahoo.com/news/Roxmark-receives-214-million-cnw-825088787.html?x=0&.v=1
Funds raised will be used for general corporate purposes and to assure that Roxmark has sufficient funding for its field programs.
About Roxmark Mines
Roxmark Mines Limited -
is the leader in gold and molybdenum exploration and
development in the historically significant Geraldton-
Beardmore area of Northwest Ontario.
In addition to the Hardrock Project in the Geraldton Camp,
Roxmark is pursuing a number of initiatives in
the Beardmore Camp, including re-opening
The Northern Empire Mine -
and its onsite mill -
and expanding the resource base at
The Leitch-Sand River Mine -
once Canada's richest producing gold mine.
In recent years, Roxmark has generated cash flow from
bulk-sampled gold and molybdenum processed at its
fully-permitted mill and has the advantage of infrastructure
from nine formerly highly productive gold mines located
on its properties.
These mines previously produced nearly four million ounces
of gold from high-grade ore but were closed primarily due
to boundary issues and dramatically lower gold prices
at the time.
On October 13, 2009 Roxmark and Ontex Resources announced
their intention to merge, subject to shareholder approval
and other conditions, creating a combined company with
significantly greater gold resources and land holdings in
the Geraldton-Beardmore area-as well as important
operational synergies.
The merger values each Roxmark share at 0.8 of an Ontex share.
Further information is available on the Company's website at
http://www.roxmark.com
and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
For further information
Monir Younan, President, Roxmark Mines Limited, (41..., Fax: (416) 360-7355, roxmark@on.aibn.com
http://www.roxmark.com
RMK - EX..GOLD Spot fiatz$ 10,000.-/oz?
ex..
selling...brainwashed by banksterz basherz -
Gold Spot (FOREX:XAUUSDO) fiatz$ 1060.92/oz bargain
Last trade 1060.92 Change +8.12 (+0.77%)
Open 1052.80 Previous Close 1052.8
High 1061.92 Low 1048.00
Bid 1060.92 Ask 1061.42
2009-10-19 14:36:52, 0 min delay
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