ROCA Closes $2.5 million Financing
Roca Mines Inc. (TSX-V: ROK)
("Roca" or the "Company") announces that it has closed the
$2.5 million private placement announced on April 28, 2011 with strategic
investor SeAH Holdings Corp.
10 million units of the Company have been issued at a price of $0.25 per unit,
each unit consisting of one common share and one half of a transferable common
share purchase warrant. Each full warrant entitles the holder to purchase an
additional common share of the Company at a price of $0.30 through May 9, 2012.
All securities issued under this private placement are subject to hold period
expiring September 10, 2011.
About SeAH
Holdings Corp. - SeAH is a public company
listed on the Korean stock exchange. SeAH is the
holding company of SeAH Group, established in 2001 by
separating SeAH Steel's investment sector and is
based in Seoul, South Korea. SeAH has 18 domestic and
13 overseas subsidiaries/operations with business areas in special steel
producing, pipe manufacturing, IT and energy. SeAH Besteel Corp., the largest subsidiary of SeAH, is known as the #1 special steel maker in Korea and
the company mainly produces automotive parts and shipbuilding parts for
globally renowned automakers and shipbuilders
The Company's various contractors and employees are working towards restarting
production at the MAX molybdenum mine and continue to advance its permitted
1,000-tonne-per-day expansion plans. Molybdenum oxide currently trades at
approximately US$17.00 per pound.
ROCA MINES INC.
"David Skerlec"
_______________________________________________
David J. Skerlec -- Chief Financial Officer
For further information contact:
Tel: 604-684-2900
Fax: 604-684-2902
Email: info@rocamines.com
Web: www.rocamines.com