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Rocmec Mining Inc.: Rocmec Closes Financings Totalling $350,000

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  Published in House and Home on Wednesday, January 7th 2009 at 14:31 GMT, Last Modified on 2009-01-07 14:32:01 by Market Wire

VAUDREUIL-DORION, QUEBEC--(Marketwire - Jan. 7, 2009) - Rocmec Mining Inc. (the "Company" or "Rocmec") (TSX VENTURE:RMI)(FRANKFURT:D5O) announces that it has closed a non-brokered private placement with accredited investors of 3,300,000 units, at a price of $0.10 per unit, for gross proceeds of $330,000. Each unit is comprised of one flow-through common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder thereof to purchase one additional common share of Rocmec, at a price of $0.12 per common share, for a period of 24 months following the closing of the private placement.

In connection with the private placement, a cash commission of $26,200 was paid to HDL Capital Corporation, Pinetree Resource Partnership and to a person dealing entirely at arm's length with the Company. In addition, a total of 330,000 non transferable broker warrants were issued. Each broker warrant entitles its holder to purchase one common share of Rocmec, at a price of 0.10 per common share, for a period of 24 months following the closing of the private placement.

Rocmec also announces that it has closed a non-brokered private placement with accredited investors of 200,000 flow-through shares, at a price of $0.10 per flow-through share, for total proceeds of $20,000. A cash commission of $1,000 was paid to a person dealing entirely at arm's length with the Company.

The private placements are subject to the final approval of the TSX Venture Exchange and of the regulatory authorities having jurisdiction on the Company's securities. The securities issued in connection with the private placements are subject to certain resale restrictions which require that the securities not be traded for a period of four months expiring on April 30, 2009.

About Rocmec Mining Inc. Rocmec Mining Inc. is a Canadian junior exploration company actively involved in the acquisition, exploration and development of precious metal projects. The Company's exclusive thermal fragmentation process combined with its growth strategy positions it as the partner of choice for the development of narrow high-grade precious metal quartz vein projects. The Company's shares are listed on the TSX Venture Stock Exchange (RMI) and the FSE (D5O) exchange.

"Thermal fragmentation - an innovative process for mining narrow high-grade ore bodies"

The Thermal Fragmentation Mining Method video can be viewed on Rocmec's website or by clicking the following link: [ http://www.rocmecmines.com/video_an.asp ]

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those in these "forward-looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.