Rockcliff Copper Corporation is offering up to 20 million units of the Company at a price of 6 cents per unit for gross proceeds of up to 1.2 million dollars. Each unit comprises one common share and one common share purchase warrant and each warrant entitles the holder to purchase one common share at a price of 12 cents for a period of two years from the closing date of the offering.
The net proceeds from the offering will be used to fund exploration of the Company’s Snow Lake Project in Manitoba and for general working capital purposes. Rockcliff notes the Snow Lake Project includes the highest grade, unmined base metal copper and zinc deposits in the prolific Snow Lake mining camp and Manitoba’s first and highest grade former lode gold mine, the Laguna gold mine. Exploration activities will include geological, airborne and surface geophysical, and diamond drilling programs.