Further to the Company’s earlier announced news release, the Company wishes to announce that it has increased the size of its non-brokered private placement from 5,000,000 units up to 12,130,384 units at a price of $0.10 per unit (“Units”) for aggregate proceeds of up to $1,213,038.
Each Unit is comprised of one common share of the Company plus a two year share purchase warrant (the “Warrant”). Each Warrant entitles the holder to purchase one common share at a price of $0.15 for two years from the date of issue. All of the securities issued pursuant to this Offering will have a hold period expiring four months after the closing date.
This private placement could be subject to a 10% finders’ fee and is subject to the approval of the regulatory authorities.
The Company closed the first portion of this private placement on April 24, 2009 raising gross proceeds of $162,500 comprising of 1,625,000 units.
About Rocher Deboule Minerals Corp.
Rocher Deboule Minerals Corp. is a diversified exploration and development company focusing its attention on mineral properties and commodities used in the steel manufacturing industry and on its British Columbia (IOCG) gold project.
On behalf of Management
ROCHER DEBOULE MINERALS CORP.
Larry W. Reaugh
President and Chief Executive Officer