Rockridge Capital Corp. Announces Proposed Option of Scotia Property
Vancouver, January 10, 2017 - Rockridge Capital Corp. (TSXV: RRC) (the "Company") announces that it has entered into a property option agreement (the "Agreement") with Aldever Resources Inc. (the "Optionor") to acquire a 100% interest in the Scotia Property. The Scotia Property is primarily a zinc project, consisting of one mineral claim totaling 4,014 hectares, located in the Scotia River area, approximately 40 km southeast of Prince Rupert in west central British Columbia.Under the terms of the Agreement, the Company has agreed to: (a) pay $25,000 and issue a total of 200,000 common shares of the Company within five days of TSX Venture Exchange approval, (b) pay $25,000 and issue a total of 300,000 common shares of the company on or before the first anniversary of the Agreement, and (c) issue 400,000 common shares of the Company and incur $500,000 in exploration expenditures on or before the second anniversary of the Agreement.
The Company will also pay a finder a fee of 56,000 common shares in connection with the closing of the transaction.
The Agreement, the finder's fee and the transactions contemplated therein are subject to acceptance of the TSX Venture Exchange.
About the Scotia Project
The Scotia Property is primarily a zinc project, consisting of one mineral claim totaling 4,014 hectares, located in the Scotia River area, approximately 40 km southeast of Prince Rupert in west central British Columbia. The Scotia Property hosts a metamorphosed massive sulfide deposit located within the Ecstall Belt of metavolcanics rocks that extends through west-central British Columbia. The key exploration target is the Albere Zone. To date, drill results in the Albere Zone have included 26.7 meters grading 9.0% zinc, 1.2% lead, 21.5 g/t silver and 0.3 g/t gold.
James Walchuck, CEO and Director of the Company, P. Eng., a Qualified Person, has reviewed and approved the contents of this news release.
For more information, please contact James Walchuck, CEO and President at (604) 683-0911.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ROCKRIDGE CAPITAL CORP.
"signed"
James Walchuck
CEO and President
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.