Pepper Rock Resources Corp.(fka PEPR)

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INTERESTING The offering will be priced at $0.50 per share


Pepper Rock Resources Corp Announces Intent For Capital Raise

Wednesday, 13 Apr 2011 07:00am EDT

Pepper Rock Resources Corp announced that the Company is negotiating an offering of its common stock as part of a private placement offering in order to facilitate a capital raise of USD1,000,000. The offering will be priced at $0.50 per share and includes a warrant to purchase one additional share for each share subscribed for at an exercise price of $1.00 share, which may be exercised over a two year period subject to a voluntary hold for the first year. Pepper Rock Resources plans to use proceeds of the proposed capital raise to further the exploration of the Company's Alexandria and Man Prime joint venture properties located in British Columbia, Canada. The JV opportunities aim to rapidly develop the Alexandria and Man Prime properties. The Company is eager to capitalize on record silver prices that appear to have taken on an upward trend with many signs for unabated price increases.


http://www.reuters.com/finance/stocks/PEPR.PK/key-developments/article/2288992