NEWS RELEASE
Rotation Minerals Ltd. Closes Private Placement
Vancouver, British Columbia, October 23, 2012 – Rotation Minerals Ltd. (the “Company”) (TSXV-ROT) is pleased to announce it has received TSX Venture Exchange approval for and closed its previously announced non-brokered private placement of 233,334 flow-through units, at a price of $1.50 per flow-through unit, to raise proceeds of $350,001. Each unit consists of one flow-through common share and one warrant to purchase an additional common share, at $2.50 per share, until October 23, 2014. No finder’s fee or commission were paid in connection with the private placement.
All of the shares, warrants and any shares issued upon exercise of the warrants comprising the flow-through units are subject to a hold period until February 24, 2013, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.
Edward Kruchkowski, Randolph Kasum and Lance Robinson, directors and/or officers of the Company, participated in the private placement by subscribing for an aggregate of 170,001 units for aggregate proceeds of $255,001.50. The participation by such directors is considered a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”).
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