Rocmec Mining Closes First Tranche of Financing

Rocmec Mining Inc. (TSXV:RMI) announced the closing of gross proceeds of $120,893.60 – thefirst tranche of a non-brokered private placement. The first tranche consists of 1,208,936 units at a price of $0.10 per unit.

As quoted in the press release:

Each Unit consists of one common share in the capital of the Corporation (a “Common Share”) and one common share purchase warrant of the Corporation (a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional common share in the capital of the Corporation at a price of $0.18 per common for a period of 24 month following the closing date.

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