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ROKMASTER Resources Corp V.RKR

Alternate Symbol(s):  RKMSF

Rokmaster Resources Corp is a mineral exploration company. It is focused on acquiring and developing mineral resource properties and exploring such properties for precious metals, base metals, and industrial minerals in North, Central and South America. Its projects include Revel Ridge Project, Duncan Lake Zinc-Lead Property, and Big Copper Property. Its flagship Revel Ridge Project hosts a high-grade gold and polymetallic orogenic sulfide deposit. The Revel Ridge Property is located in the Revelstoke Mining Division in southeastern British Columbia, 32 kilometers (km) northeast of Revelstoke, British Columbia, 420 km northeast of Vancouver, British Columbia, and 290 km west of Calgary, Alberta. The Duncan Lake Zinc-Lead Property is located in the Slocan Mining Division, 64 km north of the town of Kaslo and 150 km north of the smelter city of Trail in southeast British Columbia. Big Copper is located in the Fort Steele and Slocan Mining Divisions, British Columbia, Canada.


TSXV:RKR - Post by User

Bullboard Posts
Post by dustyboyon Sep 25, 2014 9:28am
129 Views
Post# 22969036

News out - tit for tat I guess

News out - tit for tat I guessRokmaster Receives a Notice of Default From AM Gold Inc. in Respect of Pinaya Option VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 25, 2014) - Rokmaster Resources Corp. ("Rokmaster" or the "Company") (TSX VENTURE:RKR)(LMA:RKR) announces that AM Gold Inc. ("AM Gold") has delivered to Rokmaster a notice of default dated September 24, 2014 (the "Notice of Default") in respect of the Cdn$400,000 cash payment that was to have been paid by Rokmaster to AM Gold, and the Cdn$1.5 million in work expenditures that was to have been incurrred by Rokmaster on the Pinaya Gold-Copper Project (the "Pinaya Project"), on or before September 11, 2014 pursuant to the Option and Joint Venture Agreement dated July 16, 2012, as amended (the "Agreement"), with AM Gold and AM Gold's Peruvian subsidiary, Canper Exploraciones S.A.C. ("Canper"). In the Notice of Default, AM Gold has stated that if the alleged default is not cured within 30 days of receipt of the Notice of Default, AM Gold and Canper may immediately terminate the Agreement. Rokmaster disputes the validity of the Notice of Default in light of its prior declaration of force majeure under the Agreement (please refer to Rokmaster's news release dated September 22, 2014) as a result of the continued presence of illegal miners on the Pinaya Project, resulting in Rokmaster being unable to obtain unrestricted access to the portions of the Pinaya Project controlled and occupied by the illegal miners. For additional information on the Company and its projects in English and Spanish, including NI 43-101 gold-copper resource estimates on the Pinaya Project, 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release. Rokmaster Resources Corp. (604) 632-9602 www.rokmaster.com
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