Rimrock Gold Corp (RMRK)

[elmacanuck]

Nemaska Lithium 3.23-million-share private placement

2012-07-18 18:11 ET - Private Placement


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The TSX Venture Exchange has accepted for filing the documentation with respect to a brokered private placement.


Number of shares: 3.23 million flow-through common shares

Purchase price: 50 cents per flow-through common share

Warrants: 1,615,000 warrants to purchase 1,615,000 common shares

Warrants exercise price: 65 cents per share for a period of 18 months following each closing of the private placement

Number of placees: Four placees

Agents: Casimir Capital Ltd. and Industrial Alliance Securities Inc.

Agents' compensation: A total amount of $113,050 in cash was paid to the agents, who also received a total of 226,100 options. Each option entitles the holder to purchase one common share at a price of 50 cents per share during an 18-month period following the closing of the private placement.