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TORONTO, ONTARIO--(Marketwire - Jan. 2, 2013) - Rockcliff Resources Inc. ("Rockcliff" or the "Company") (TSX VENTURE:RCR)(Tier 1) is pleased to announce that the Company has closed its non-brokered private placement for proceeds of $718,000. The Company placed 10,560,000 flow-through units (each an "FT Unit") for gross proceeds of $528,000 and 3,800,000 working capital units (each a "WC Unit") for gross proceeds of $190,000. Rockcliff paid finders fees of $37,695 and issued 753,900 Compensation Options in respect of the sale of FT Units and WC Units. Each Compensation Option entitles the holder to purchase a further common share of the Company at $0.10 for eighteen (18) months from Closing. |
