"Crescat is taking an activist approach to investing in the precious metals mining industry. Our goal is to identify and invest in a portfolio of big, high-grade discoveries in the hands of undervalued juniors where we can help unlock value. We are very impressed with the grade and volume of gold and silver as demonstrated in Rokmaster's recently announced news release dated
Dr.
The flow-through funding will consist of up to 13,480,114 FT Units, priced at
Additionally, the non-flow-through funding will consist of up to 8,027,344 NFT Units, priced at
The FT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (
Directors and officers of the Company may acquire securities under the Financing, which participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.
The Company may pay certain finder's fees in relation to the Financing. This non-brokered private placement is subject to
An updated corporate presentation, figures and photos are available on Rokmaster's website at https://www.rokmaster.com/projects/revel-ridge/
On Behalf of the Board of Directors of
President & Chief Executive Officer.
Neither
About Rokmaster
Rokmaster controls a portfolio of three significant exploration and development projects all of which are located in southern
- Revel Ridge. Rokmaster is currently conducting an underground drill program at the Revel Ridge project located in southeastern
British Columbia 35 km's N of theCity of Revelstoke . Revel Ridge is a high-grade gold and polymetallic orogenic sulphide deposit which has been the subject of a PEA Technical Report datedDecember 8, 2020 . - Big Copper. Rokmaster controls the Big Copper property in the
Creston area ofSouthern British Columbia . Big Copper is a high-grade copper-silver occurrence hosted in mid-Proterozoic rocks. Copper-silver mineralization has been traced for 3 km along strike and is exposed in a series of adits and trenches over approximately 250- 300 m of vertical relief. Big Copper likely belongs to a class of stratabound replacement copper-silver deposits hosted within mid – Proterozoic quartzitic sediments. The style and stratigraphic setting of mineralization at Big Copper may be analogous to similar stratabound silver-copper deposits inNW Montana e.g. the Troy mine (64 million tonnes of 0.74% Cu and 54 g/t Ag (Western Mining History, 2020) orHecla's Montanore Mine , 112 million tonnes at 51.2 g/t Ag and 0.7% Cu. (Hecla website link). - Duncan Zinc. Duncan Zinc is a carbonate hosted silver-lead-zinc deposit located near
Duncan Lake in southernBritish Columbia . The deposit is hosted within a Cambrian age Badshot Limestone which also hosts silver-lead-zinc mineralization at Teck's currently producing Pend D'Oreille mine as well as past producers including theBlue Bell Mine ,Reeves MacDonald , Jersey-Emerald and HB mines. Mineralization atDuncan Lake forms in the crest and limbs of the regional scaleDuncan Lake anticline, where strong lead-zinc +/- silver mineralization has been traced by surface and underground drilling for approximately 2500 m. AtDuncan Lake , Rokmaster will be targeting > 30 Mt of >10% Pb+Zn+Ag. Historical background and a geological synthesis of theDuncan Lake deposit is provided in a NI 43-101 report by Lane, B., 2018: Technical Report on theDuncan Lake Project .
About
Crescat is a global macro asset management firm headquartered in
Crescat is advised by its technical consultant Dr.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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