More dilution + warrants Toronto, Ontario--(Newsfile Corp. - December 1, 2021) - Rockcliff Metals Corporation (CSE: RCLF) (OTCQB: RKCLF) ("Rockcliff" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") for the sale of up to 25,000,000 flow-through units of the Company (the "FT Units") at a price of C$0.06 per FT Unit for gross proceeds of up to C$1,500,000. Red Cloud Securities Inc. will be acting as a finder on behalf of the Company for the Offering.
Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one non-flow-through common share of the Company at an exercise price of C$0.10 for a period of 24 months following the closing date of the Offering.
https://www.newsfilecorp.com/release/106083/Rockcliff-Announces-Private-Placement-for-up-to-C1.5-Million-to-Follow-Up-on-Recent-Exploration-Success