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Rotation Announces Amendment To Third Tranche Of Private Placement

October 24, 2017

Vancouver, British Columbia, October 24, 2017 - Rotation Minerals Ltd. (the “Company”) (TSXV: ROT) announced today that it had amended the third and final tranche of its non-brokered private placement originally announced on July 27, 2017. The third tranche closing consisted of a total of $244,725 raised through the issuance of 1,631,498 units at a price of $0.15 per unit. Each unit consists of one common share and one common share purchase warrant, each warrant entitling the holder to purchase one additional common share, at $0.25 per share, until September 26, 2019.

No finder’s fees or commissions were paid in connection with the private placement.

All securities issued or issuable under the third tranche of the private placement are subject to a hold period until January 27, 2018, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

Proceeds from the private placement will be used to fund the acquisition, exploration and evaluation of the Company’s mineral properties and as general working capital.

The third tranche of the private placement included the following subscriptions from “related parties” of the Company as defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”): Bradley Rourke (the Company’s President and Chief Executive Officer) acquired 200,000 units and Christina Boddy (the Company’s Corporate Secretary) acquired 15,000 units. The issuance of units to Bradley Rourke and Christina Boddy did not result in a material change in the percentage of securities of the Company held by them. The participation of Bradley Rourke and Christina Boddy in the private placement was exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that at the time the private placement was agreed to, neither the fair market value of the securities to be distributed in the private placement nor the consideration to be received for those securities, insofar as the private placement involved the related parties, exceeds 25% of the Company’s market capitalization.

The Company did not file a material change report more than 21 days before the expected closing of the third tranche of the private placement as the details of the private placement and the participation by the related parties was not settled until shortly prior to closing and the Company wished to close the private placement on an expedited basis for sound business reasons.

The Company issued a total of 8,418,166 units under all three tranches of the private placement to raise total proceeds of $1,262,725.

ON BEHALF OF THE BOARD OF DIRECTORS

“Bradley Rourke”
Bradley Rourke,
President & CEO

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.