Highrock Resources Announces Private Placement

Executive Summary

• Highrock Resources Ltd. announced a non‑brokered private placement to raise up to $50,000 by issuing up to 1,000,000 units at $0.05 per unit.
• Each unit consists of one common share and one whole‑share purchase warrant exercisable at $0.075 per share for two years.
• Proceeds are earmarked for working capital and general corporate purposes; the offering is subject to regulatory approvals and a four‑month hold period.

Key Details

• Units Offered: Up to 1,000,000 units (each = 1 common share + 1 warrant).
• Pricing: $0.05 per unit → maximum gross proceeds of $50,000.
• Warrant Terms: Right to purchase one additional common share at $0.075 per share; exercisable for two years from issuance.
• Use of Proceeds: Working capital and general corporate purposes.
• Closing Conditions: Subject to receipt of all required corporate and regulatory approvals, including CSE approval.
• Hold Period: Securities subject to a hold period of four months plus one day from the date of issuance; resale governed by applicable securities legislation.
• U.S. Offering Disclaimer: Not an offer or solicitation in the United States; securities not registered under the U.S. Securities Act and may not be sold to U.S. persons without exemption or registration.

Notable Quotes

(No direct quotes were provided in the release.)