Rocher Deboule Private Placement: Price Set, Amount Unspecified, Max. $500,000

Rocher Deboule Minerals Corp. is going to be raising up to $500,000 in a private placement, by issuing up to 5 million units at a set price of 10 cents per unit. Each unit will contain a share plus a whole purchase warrant; the warrants will have a 15 cent strike price and life of two years. Like all private placements, it has to be approved by the exchange. The news release also mentions a possible finder's fee of 10%.

Rocher has not traded so far today; it last closed Tuesday at 10.5 cents. The current bid is 9 cents, and the ask is 10.5 cents.

The company's Google Finance web page is here.

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