ROTATION ANNOUNCES PRIVATE PLACEMENT
Vancouver, British Columbia, July 27, 2017 – Rotation Minerals Ltd. (“Rotation” or the “Company”) (TSXV: ROT) is pleased to announce that it has arranged a non-brokered private placement of up to 9,333,333 units (the “Units”) at $0.15 per Unit (the “Offering”) for gross proceeds of up to $1,400,000. Each Unit will consist of one common share and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one common share at $0.25 for a period expiring 24 months following the closing date of the Offering.
All securities issued in the Offering are subject to a four‐month hold period, during which time the securities may not be traded. The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available. Closing of the Offering is subject to the approval of the TSX Venture Exchange.
Proceeds from the Offering will be used to fund the acquisition, exploration and evaluation of the Company’s mineral properties and as general working capital.
The Company has the option to earn up to a 70% interest in the 4-J’s property and an agreement to purchase a 100% interest in the Scottie property, both located in the Golden Triangle area of British Columbia.
Further information on Rotation can be found on the Company’s website at www.rotationminerals.com and at www.sedar.com, or by contacting Bradley Rourke, President and CEO at (250) 877-9902.
ON BEHALF OF THE BOARD OF DIRECTORS
“Bradley Rourke” Bradley Rourke President & CEO