Rotation Minerals Ltd. (the “Company”) is pleased to announce that, further to its news release of January 16, 2017, it has received TSX Venture Exchange approval for and closed its previously announced non‐brokered private placement of 760,000 units, at a price of $0.25 per unit, to raise proceeds of $190,000. Each unit consists of one common share and one‐half of a warrant, each whole warrant entitling the holder to purchase one additional common share, at $0.40 per share, until January 24, 2019. No finder’s fee or commission were paid in connection with the private placement.
All of the shares, warrants and any shares issued upon exercise of the warrants comprising the units are subject to a hold period until May 25, 2017, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.
ABOUT ROTATION MINERALS LTD.
The Company’s main assets are the option on the 4‐J property and Scottie Gold Mine in the Stewart area of British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.