The Reminder is making its archives back to 2003 available on our website. Please note that, due to technical limitations, archive articles are presented without the usual formatting.
Jonathon Naylor Editor Rockcliff Resources is bolstering its search for ore in the promising Snow Lake area. The junior miner plans to use the bulk of $718,000 in new proceeds on diamond drilling programs at its Tower and Dickstone properties, part of its broader Snow Lake Project. The Toronto-based company said last week it had closed a non-brokered private placement for the proceeds. Rockcliff had placed 10.56 million flow-through units for gross proceeds of $528,000 and 3.8 million working capital units for gross proceeds of $190,000. Compensation It paid finders' fees of $37,695 and issued 753,900 compensation options in respect of the sale of the aforementioned units. Each compensation option entitles the holder to purchase a further common share in the company at 10 cents apiece for the next year and a half. Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of information supplied by Rockcliff.
