JOHANNESBURG (miningweekly.com) – Canadian resource exploration company Rockcliff Copper is moving to raise $1.75-million to fund a significant drill programme at its Talbot and Rail properties, in Manitoba.
The TSX-V-listed firm is offering 25-million units, comprising one common share and one-half of a common share purchase warrant, at $0.07 apiece.
“Eligible finders may receive up to 8% of the value of proceeds of the sale of units in cash and up to 8% of the number of units sold in the form of broker warrants. Each broker warrant entitles the holder to acquire one common share of Rockcliff at $0.07 for a period of two years from closing,” the company said in a statement.
‘Insiders’ at Rockcliff may subscribe for up to 1.5-million units.
The offering remains subject to regulatory approval.