On May 25, 2020, Rokmaster Resources Corp. (TSXV: RKR) announced that it had closed the first tranche of its non-brokered financing, having issued a total of 8,888,889 flow-through units for gross proceeds of $2,000,000, and 10,663,637 non-flow-through units for gross proceeds of $2,346,000, for aggregate gross proceeds from the financing of $4,346,000. On June 12, 2020, Rokmaster announced that it had closed the final tranche of its non-brokered private placement, having issued additional non-flow-through units for gross proceeds of $169,000.
Each flow-through unit is comprised of one flow-through common share of Rokmaster and one transferrable share purchase warrant to purchase one non-flow-through common share of Rokmaster. Each non-flow-through unit is comprised of one common share of Rokmaster and one transferrable share purchase warrant, subject to an acceleration provision.
Gowling WLG advised Rokmaster in this financing with a team that included Brett Kagetsu, Raymond Ong and Sarah Baddeley (securities), assisted by paralegal Vicki Etcheverry.