Rocmec signs an exclusive Thermal Fragmentation distribution agreement with MaXem Equipment (Pty) Ltd. of South Africa
25 Februar 2014 - 3:15PM
Access Wire
Brossard (Quebec), February 25th,
2014- Rocmec Mining Inc. (the "Corporation" or "Rocmec") (TSX-V
Symbol: RMI),
is extremely pleased to announce that the
Corporation has signed an exclusive distribution agreement with
MaXem Equipment ("MaXem") of South Africa for the distribution and usage of
its patented Thermal Fragmentation mining method.
Highlights of the agreement include the
granting of the exclusive rights to MaXem for the distribution,
deployment and usage of the Corporation's exclusive and patented
Thermal Fragmentation mining method in the Southern portion of
Africa, a 50/50 sharing of net profits from Thermal Fragmentation
contracts carried out by MaXem and a close working relationship for
the continued development and promotion of the
technology.
"Over the past few years we have developed a very
close relationship with MaXem and are delighted with the agreement.
Since the beginning, they have demonstrated a keen interest in our
technology and it's broad potential. South Africa is a major market
for our technology and the agreement with MaXem is a major
milestone in the implementation of our overall distribution
strategy for the technology" stated Andre Savard, Rocmec's
President and CEO.
About
MaXem
MaXem is a
multi-facet company, offering equipment sales and support and mining services.
MaXem Contracting includes long hole drilling, drop and inverse
raising and mechanized mine production. As a company, MaXem has a
track record of success in mine management as well as mine
operations not to mention the business of contract mining. MaXem
has a clear understanding of mining inherent risks as well as
detailed commodity experience that includes coal, gold, platinum,
heavy minerals and base metals.
Additionally, Rocmec announces
that it has closed a non-brokered private placement totalling
$8,590.50. In exchange, the Corporation will issue 78,095 common
shares at a price of $0.11 per share.
All securities issued
in connection with the Private Placement are subject to a four
month and one-day hold period from the date of issuance, expiring
on June 26th, 2014. The Corporation intends to use the net proceeds
of the Private Placement for general corporate purposes and working
capital.
Rocmec is active in the
exploration and the development of gold resources in Quebec and
Peru. The Corporation holds a gold property with resources
recognised in accordance with NI43-101, a modular treatment plant
and also an exclusive license for the thermal fragmentation mining
method for exploiting narrow-vein ore deposits.
The company's growth strategy is
based on:
-The
development of its gold deposits with the objective of producing
revenue from its operations;
-Increasing the value of its mining assets by
prioritizing the exploration targets; and
-The
commercialisation and employment of its thermal fragmentation
technology.
For additional
information:
John
Stella, Investor
relations (514) 718-7976 jstella@rocmec.com
Andre
Savard, President &
CEO (450)
510-4442 asavard@rocmec.com
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This press release
includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements
of historical facts, that address future exploration drilling,
exploration and production activities and events or developments
that the Corporation expects, are forward looking statements.
Although the Corporation believes the expectations expressed in
such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
Corporation Miniere ROCMEC Mining Inc. 7055 Taschereau Blvd., suite
500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442 www.rocmec.com
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