Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

GETT Gold Inc V.GETT

Alternate Symbol(s):  RCCMF

G.E.T.T Gold Inc. is a Canada-based company engaged in the exploration and the development of gold resources in Quebec. The Company also has an exclusive license for the Thermal Fragmentation mining method. The Company holds one mining property, named Courville. The Company’s project, Courville-Maruska, is situated in Courville Township, approximately 30 kilometers north-east of Val-d’Or. It has a total area of about 6.02 square kilometers and comprises 14 CL and one designated claim. The Company uses thermal fragmentation technology as a mining method, which extracts narrow vein deposits. It is focused on the development and widespread implementation of a patented thermal fragmentation mining method. The Company offers services to extract ore and/or making openings in the rock.


TSXV:GETT - Post by User

Bullboard Posts
Comment by anon3on Sep 02, 2010 4:26pm
319 Views
Post# 17409831

RE: WTF

RE: WTFThermal fragmentation…mining shares not GOLD! soon to have a 10 for 1 roll back

ROCMEC TO INDEMNIFY ITS SUBSCRIBERS

Vaudreuil-Dorion,Quebec, September 2nd, 2010 -Rocmec Mining Inc. («Rocmec» or the«company»)(TSX-V: RMI)(FSE: D5O) announces that following an audit bythe Canada Revenue Agency of Rocmec's flow-through expenses over thecourse of the years 2007 to 2009, all the flow-through expenses Rocmecrenounced to the subscribers of the flow-through common shares wereaccepted. However, with regards to underground exploration work theCanada Revenue Agency decided to refuse eligibility to the federal taxcredit FITC.

The amount of the refused FITC represents 15% of theexpenses that the company renounced to the subscribers. Thesesubscribers should receive a reassessment representing 15% of theirsubscription less the federal income tax paid on the taxation of theFITC during the following year. The amount of FITC refused for theaudited years totals $2,343,650, of which, an amount of $1,775,782 isdue by Rocmec in favour of its subscribers ("compensation").

Havingagreed to indemnify the subscribers in such circumstances, Rocmec hasdecided to issue common shares to the subscribers affected by thesemeasures. The number of shares offered to the subscribers will represent11.4% of the FITC refused at an issue price of
.05. A total of35,515,640 common shares will be issued in settlement of thecompensation. The contemplated measure undertaken by the Companycomplies with the undertakings of the latter with its subscribers.

Inconformity with the requirements of the TSX Venture exchange the sharesare subject to a resale restriction period of 4 months and 1 day.

The present transaction is subject to the approval of the TSX Venture exchange.

About Rocmec Mining Inc. (OOTC:RCCMF) (TSXV:RMI)

Rocmec'sgrowth strategy is to focus on the development of quality assets thatwill significantly enhance shareholder value by employing, across theAmericas, its exclusive and patented thermal fragmentation mining methodto extract ore from narrow-vein deposits. Exploitation of narrowhigh-grade precious metal veins with its innovative mining method willlead the Company in becoming a mid-size gold producer. Moreover, theservice contracts allow to generate additional revenues and expand theusage of this unique technology.

Thermal fragmentation…mining ounces not TONNES!

The Thermal Fragmentation Mining Method video can be viewed on Rocmec's website or by clicking the following link:

https://www.rocmecmines.com/video_an.asp

RocmecMining Inc. is a Canadian junior exploration company actively involvedin the acquisition, exploration and development of precious metalprojects. The Company's exclusive thermal fragmentation process combinedwith its growth strategy place it as the partner of choice for thedevelopment of high-grade narrow vein precious metal properties. TheCompany's shares are listed on the TSX-Venture (RMI) and the FSE (D5O)exchange.

This press release includes certain statements that maybe deemed "forward-looking statements". All statements in this release,other than statements of historical facts, that address futureexploration drilling, exploration activities and events or developmentsthat the Corporation expects, are forward looking statements. Althoughthe Corporation believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsor developments may differ materially from those in forward-lookingstatements. Factors that could cause actual results to differ materiallyfrom those in forward-looking statements include market prices,exploitation and exploration successes, continued availability ofcapital and financing, and general economic, market or businessconditions.

Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracy ofthis release.

Please visit us on the web at www.rocmecmines.com

For additional information, contact:

Mr. Donald Brisebois Mr. John Stella

President & CEO Investor relations Manager

Telephone (450) 510-4442 begin_of_the_skype_highlighting (450) 510-4442end_of_the_skype_highlighting(450) 510-4442 begin_of_the_skype_highlighting (450) 510-4442end_of_the_skype_highlighting

Fax (450) 510-9901 (450) 510-9901

Cell (514) 718-7976 begin_of_the_skype_highlighting (514) 718-7976end_of_the_skype_highlighting

Email: dbrisebois@rocmecmines.com Email: jstella@rocmecmines.com

Copyright (c) 2010 Thenewswire.ca - All rights reserved.

Bullboard Posts