|By Marketwired .||
|June 20, 2014 05:00 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/20/14 -- Rockshield Capital Corp. (CSE: RKS) (the "Company") is pleased to announce that it has issued 13,352,947 units (the "Units") at a price of C$0.085 per Unit for aggregate gross proceeds of C$1,135,000 of its 15,000,000 Unit C$1,275,000 private placement (the "Offering"). The Company anticipates closing the second tranche of the Offering next week.
Each Unit issued in the Offering consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant is exercisable for one common share of the Company until June 20, 2017 at an exercise price of C$0.11.
In connection with the Offering, one finder received a cash finder's fee of C$63,600 and 748,236 finder's warrants, each of which is exercisable to acquire one common share of the Company at a price of C$0.11 until June 20, 2016 (the "Finder's Warrants").
The Shares, Warrants and Finder's warrants issued in connection with the Offering are subject to a four month hold period expiring October 21, 2014.
The net proceeds of the Offering will be used by the Company to fund ongoing investments, in accordance with the Company's previously announced business plan.
For further information regarding Rockshield, see Rockshield's disclosure documents on SEDAR at www.sedar.com
ROCKSHIELD CAPITAL CORP.
Rockshield Capital makes early stage seed investments of dollars and human capital with the expectation of superior rates of return. We search for opportunities where we can unlock value as a partner. We do not operate businesses; rather we strive to complement management as active participants. We assist with financings, identify acquisition targets, develop strategic plans, support operations and implement exit strategies.
On Behalf of the Board of Directors of Rockshield,
Frank Taggart, President and CEO
The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.
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