Rocher Deboule Minerals Corp. (TSX.V: RD; OTC US: RDBHF) (the “Company”) is pleased to announce that further to its earlier announced news releases, the Company has closed the final portion of its non-brokered private placement raising gross proceeds of $1,034,580 comprised of 10,345,800 units (the “Unit”) at a price of $0.10 per Unit. The Company raised total proceeds of $1,197,080 comprised of 11,970,800 Units from both the first and final closings.
Each Unit is comprised of one common share in the capital 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 per share at any time up to 5:00 pm (Vancouver time) on June 12, 2011. All of the securities issued pursuant to this private placement will have a hold period expiring four months and one day after the closing date.
The proceeds of this private placement will be used toward exploration and development of the Company’s artillery peak properties in Arizona, the Company’s British Columbia (IOCG) gold project and general working capital.
The Company has paid Finder’s fees totaling $65,820, in connection with the final portion of the private placement.
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 its British Columbia (IOCG) gold project.
On behalf of Management
ROCHER DEBOULE MINERALS CORP.
Larry W. Reaugh
President and Chief Executive Officer