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2007
2006
2005 |
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| | May 11, 2006
Rochester Commences Trading on Frankfurt Exchange and Raises an Additional $1.7 Million from Exercise of Warrants
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| | Vancouver, Canada - Rochester Resources Ltd. (TSXV: RCT and OTCBB: RCTFF):
Douglas F. Good, President, is pleased to announce that the Company's shares have commenced trading on the Frankfurt Stock Exchange Open Market (Freiverkehr) under the trading symbol "R5I", German Securities Number "A0F67V". This listing will allow the Company to more effectively attract European institutional and individual investors.
The Frankfurt Stock Exchange is one of the most respected exchanges in Europe. It is owned and operated by Deutsche Borse, which also owns the European futures exchange, Eurex, and the clearing company, Clearstream. The Frankfurt Stock Exchange executes over 90 percent of transactions in the German market and represents a substantial share of the European market.
On February 12, 2006 the Company announced that it had concluded an Investors Relations Agreement with Accent Marketing Limited ("Accent") to act as the company's strategic investor relations consultant in Europe. The Agreement, which was accepted for filing by the TSX Venture Exchange on May 4, 2006, will assist management with introductions to the European financial media and brokerage community with specific emphasis on Germany. Accent is a full service European investor relations company advising and assisting clients in all facets of investor relations with offices in England and Frankfurt, Germany. The Company is also pleased to announce that it has received gross proceeds of $1,729,250 from the exercise of 2,695,00 warrants which expired on May 7, 2006. This increases the total equity capital raised in 2006 to approximately $5 million and places the Company in an excellent position to fund all three phases of its previously announced 2006 development program, including the construction of a 250-300 tonne/day conventional milling operation.
ON BEHALF OF THE BOARD
"Douglas Good"
Douglas Good, President & CEO
Investor information contact:
Douglas Good
Tel: (604) 484-6614
Forward Looking Statements
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. |
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| | You can view the Next News Releases item: Tue Jun 20, 2006, Rochester Receives Environmental Approvals And Permittting For Construction Of Mill With 300 Tonne/Day Design Capacity At Mina Real
You can view the Previous News Releases item: Wed May 3, 2006, Rochester Closes Canaccord Financing and Proceeds Agressively with its 2006 Mine Development and Exploration Program
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