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2007
2006
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| | January 17, 2007
Rochester Announces $1.85 Million Financing
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| | Vancouver, Canada - Rochester Resources Ltd. (TSXV: RCT; OTCBB: RCTFF and Frankfurt: R5I):
The Board of Directors is pleased to announce a private placement of up to 1,000,000 units, at $1.85 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant. Each full common share purchase warrant will entitle the holder to purchase an additional common share, at a price of $2.25 per share, for a period of 12 months. Canaccord Capital Corporation has been retained as agent to place 850,000 of the units and is being paid a fee of 8%, payable in cash or in units at the option of Canaccord. The private placement is subject to regulatory approval.
ON BEHALF OF THE BOARD
"Douglas F. Good"
Douglas F. Good, Chairman
Investor information contact:
Empire Communications Inc.
Tel: 1-866-841-0068
Email: [email protected]
Website: www.rochesterresourcesltd.com
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. In addition, the Company has not conducted an independent feasibility study on the Mina Real project which may increase the risk that the planned operations are not economically viable. 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: Mon Jan 22, 2007, Rochester Announces New Appointments To The Board
You can view the Previous News Releases item: Tue Jan 9, 2007, Rochester Commences Milling Operations at its Mina Real Mine
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