ROCA Announces Strategic Review
09 Juillet 2012 - 3:18PM
PR Newswire (Canada)
TSX.V: ROK VANCOUVER, July 12, 2012 /CNW/ - Roca Mines Inc. ("Roca"
or "the Company") announces that it has been active in seeking
potential investment to the Company through several financing
opportunities while concurrently managing its assets in the face of
difficult market conditions. Global uncertainty and a general
weakening of support in the resource sector and in particular
molybdenum investments have brought the Company to a point where
new financial initiatives must be undertaken. Roca and its
wholly-owned subsidiary, FortyTwo Metals Inc. has recently engaged
a financial advisor to assist in evaluating a broader range of
opportunities available to it, including: structured debt, asset
and tax pool sales, joint ventures and other arrangements. The
primary intent of this engagement is to preserve value for our
shareholders and all stakeholders, including our trade-related
creditors. The Company's Board and management, together with its
financial advisor, are evaluating strategic alternatives for our
business and will provide further updates when appropriate. ROCA
MINES INC. "Scott Broughton"
_____________________________________________ Scott E. Broughton -
President and Chief Executive Officer Neither the 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. Roca
Mines Inc. CONTACT: Tel: 604-684-2900Fax: 604-684-2902Email:
info@rocamines.comWeb: www.rocamines.com
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