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2006
2005 |
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| | December 15, 2005
Private Placement Increase
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| | Vancouver, Canada -- Rochester Resources Ltd. (TSXV: RCT and OTCBB: RCTFF) The Board of Directors is pleased to announce that the private placement announced on November 25, 2005 has been increased from 2,500,000 to 3,500,000 units, 3,000,000 units of which will be placed by Canaccord Capital Corporation. Each unit consists of one share and a half warrant, with each whole warrant exercisable at $0.65 for a term of two years. In addition to a corporate finance fee, Canaccord will receive a fee of 10% in cash and 5% in agent unit warrants. All warrants will contain a forced conversion provision which comes into effect once the shares trade in excess of $1.00 per share for 10 consecutive trading days.
Rochester Resources Ltd., incorporated in British Columbia, Canada, trades on the TSX Venture Exchange under the symbol "RCT", and on the OTCBB under symbol "RCTFF".
ON BEHALF OF THE BOARD
"Douglas F. Good"
Douglas F. Good, President & CEO
Investor information contact:
Douglas F. 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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