Rokmaster Resources Corp. announced a non-brokered private placement of up to 8,000,000 units at a price of CAD 0.05 per unit for the aggregate gross proceeds of CAD 400,000 on July 12, 2023. Each unit consists of one common share of the company and one-half non-transferable share purchase warrant.

Each warrant is exercisable to purchase one additional common share at an exercise price of CAD 0.09 per warrant for a period of one year from the date of closing of the transaction. The warrants are subject to an accelerated expiry date, which comes into effect when the trading price on the TSX Venture Exchange of the company's common shares closes at or above CAD 0.15 per share for a period of 10 consecutive trading days commencing four months plus one day after the date of closing. In such event, the company may, at its option, accelerate the expiry date of the warrants by issuing to the warrant holders and in such case, the expiry date of the warrants will be 30 days from the date of the notice.

The company reserves the right to accept additional funds which is subject to regulatory approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month-and-one-day hold period from the closing date. The transaction is subject to the approval of the TSX Venture Exchange.