New Age Metals

Smooth Rock Arranges C$1 Million Private Placement

Vancouver, British Columbia--(Newsfile Corp. - July 8, 2020) - Smooth Rock Ventures Corp(TSXV: SOCK) ("Smooth Rock" or the "Company") is pleased to announce a non-brokered private placement for aggregate gross proceeds of up to $1,000,000 (the "Private Placement") through the issuance of 14,285,714 units at a price of $0.07 per unit.

Each unit will consist of one common share and one warrant. Each warrant entitles the holder to acquire one common share of the Company at a price of $0.11 per common share for a period of 24 months following the date of issuance.

In connection with the Offering, the Company may pay cash finders' fees to eligible finders of up to 8% of the gross proceeds received and may issue warrants equal to 8% of the Units placed ("Finders" Warrants"). The Finders' Warrants will have the same terms as the Warrants forming part of the Units.

The common shares to be issued in connection with the Private Placement and any common shares to be purchased on the exercise of warrants will be subject to a statutory four-month hold period from the closing of the Private Placement.

Proceeds of the Private Placement will be used for work on the Company's mineral properties and general working capital. The closing of the Private Placement is subject to TSX Venture Exchange approval.

ON BEHALF OF THE BOARD

"Alan Day"

Alan Day
President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.
(TEL)- (888) 909-5548, (FAX)-(888) 909-1033
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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.

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

MYRIAD URANIUM (CSE: M)

Myriad Uranium

Myriad Uranium holds a 75% earnable interest in the Copper Mountain Uranium Project, which saw US$78m in expenditures by Union Pacific during the 1970s. Union Pacific drilled 2,000 boreholes, discovered 7 uranium deposits, and developed... LEARN MORE