Smooth Rock Announces Private Placement
551 Howe St.-Suite 200 Vancouver, B.C. V6C 2C2 Tel : 888 909-5548 Fax : 888 909-1033
Trading Symbol: SOCK
SMOOTH ROCK ANNOUNCES PRIVATE PLACEMENT
December 15, 2017 - Smooth Rock Ventures Corp. (“Smooth Rock” or the “Company”) (TSX.V SOCK) announces subject to regulatory approval, it has arranged a non-brokered private placement of up to 4,285,714 units (the “Units”, and each a “Unit”) at a price of $0.07 per Unit to raise aggregate proceeds of up to $300,000 (the “Private Placement”).
Each Unit shall consist of one common share (the “Share”) and one Share purchase warrant (the “Warrant”), whereby each Warrant shall be exercisable into one common share of the Company at a price of $0.10 per common share for a period of 24 months following the date of issuance.
Proceeds of the private placement will be used for work on the Company’s mineral properties and for general working capital.
All securities to be issued in connection with the Private Placement shall be subject to a four-month hold period in accordance with applicable securities legislation. Closing of the Private Placement shall be subject to receipt of acceptance by the TSX Venture Exchange.
ON BEHALF OF THE BOARD
“Jeffrey Cocks”
Jeffrey Cocks
Chairman
FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.
(TEL)- (888) 909-5548, (FAX)-(888) 909-1033 Email: [email protected] Website: www.smoothrockventures.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.