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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?

To: Stew who wrote (1195)	6/23/1999 7:58:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 1996

Rock Resources Inc - Rock Resources $500,000 financing Rock Resources Inc RKR Shares issued 21,543,508 1999-06-22 close $0.17 Wednesday Jun 23 1999 Mr. Thomas Kennedy reports Rock Resources has negotiated a private placement financing for gross proceeds of $500,000 (Canadian). This is comprised of: 1. $250,000 (Canadian) convertible debenture which has a conversion feature allowing conversion into units at a conversion rate of 15 cents per unit if converted in the first year and 20 cents per unit if converted in the second year, with each unit comprised of one common share and one two-year warrant entitling the holder to purchase one additional common share at the price of 15 cents per share during the first year and 20 cents per share during the second year. 2. $250,000 (Canadian) dollars for a total of 1,666,667 units at 15 cents per unit with each unit comprised of one common share and one two-year warrant entitling the holder to purchase one additional common share at the price of 15 cents during the first year and 20 cents during the second year. The proceeds of the financing will be used for continuing expenses with respect to the company's Chilean mineral property, general working capital and payment of current obligations. Finders' fees and bonuses in accordance with VSE policy are applicable and, along with the private placement set out above, are subject to regulatory approval. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com