NRROCK RESOURCES INC ("RKR-V;RORSF-L") - Applying to Amend Price of Warrants
Thomas J. Kennedy, President, on behalf of the Board of Directors of Rock Resources Inc. reports:
The Company wishes to announce that it is applying to the Canadian Venture Exchange to amend the price of the Warrants announced March 1, 1999. The convertible debenture announced had a feature allowing conversion into units at a conversion rate of $0.15 per unit if converted in the first year and $0.20 per unit if converted in the second year, with each unit comprised of one common share and one two year warrant entitling the holder to purchase one additional common share at the price of $0.15/share during the first year and $0.20/share during the second year.
The private placement comprised 333,333 units at $0.15 per unit with each unit comprised of one common share and one two year warrant entitling the holder to purchase one additional common share at the price of $0.15 during the first year and $0.20 during the second year.
The Company is seeking an amended warrant price of $0.10. All other terms remain the same. TEL: (604) 682-2928
Rock Resources Inc. FAX: (604) 682-6038 TOLL FREE: 1-888-ROCK-RES (762-5737) EMAIL: info@rockresources.com INET :
www.rockresources.com
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