(January 30, 2017, Vancouver, B.C., Canada) - Rokmaster Resources Corp. ("Rokmaster" or the "Company") announces that its previously announced (November 2, 2016 News Release) shares for debt application has been approved by the TSX Venture Exchange and an aggregate of 29,002,225 common shares ("Common Shares") of the Company at a deemed price of $0.05 per Common Share have been issued to settle outstanding debt in the aggregate of $1,450,111.25 owed to directors, officers and certain arm's length creditors.
The Common Shares issued pursuant to this transaction are subject to a hold period of 4 months and one day expiring on May 28, 2017.
Other Corporate Updates
- The Company has granted, subject to regulatory approval, 7,950,000 incentive stock options to its directors, officers and consultants. The options are exercisable for a period of five years expiring on January 30, 2022 at an exercise price of $0.06 per common share.
- The Company extends its plans to proceed with the non-brokered private placement of up to 30,000,000 units in its news release dated November 2, 2016.
- The Company has filed on SEDAR the Technical Report on the Duncan Lake Zinc-Lead Project dated December 13, 2016 and prepared for the Company.
For additional information on the Company and its properties, please visit the Company's website www.rokmaster.com or call (604) 632-9602.
On behalf of the Board of Directors of
ROKMASTER RESOURCES CORP.
John Mirko, President & Chief Executive Officer
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.