AI assistant
Strathmore Plus Uranium Corp. — Capital/Financing Update 2021
Dec 7, 2021
46271_rns_2021-12-07_483c765a-c0a6-4ce6-bd35-dc64d90302ba.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Form 51-102F3 Material Change Report
Item 1 Name and Address of Company
Rockwealth Resources Corp.
(the "Company") Suite 750 – 1620 Dickson Ave Kelowna, BC V1Y 9Y2
Item 2 - Date of Material Change
December 6, 2021
Item 3 News Release
A news releases was issued and disseminated through newswire on December 6, 2021 and filed on SEDAR (www.sedar.com).
Item 4 Summary of Material Change
The Company has closed a non-brokered Private Placement of 6,893,332 units, at a price of $0.15 per unit, for aggregate gross proceeds of $1,034,000.
The Company has updated its name from Rockwealth Resources Corp. to Strathmore Plus Energy Corp. effective December 8, 2021.
Item 5 Full Description of Material Change
See attached news release at Schedule "A"
Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7 Omitted Information
Not applicable.
Item 8 Executive Officer
The following senior officer of the Company is knowledgeable about the material change and this report:
Devinder Randhawa, CEO Phone: 250-868-8177
Item 9 Date of Report
December 7, 2021
Schedule "A"
Rockwealth Resources Corp. Closes Private placement and Announces Name Change.
Kelowna, Canada, December 6 , 2021 – Rockwealth Resources Corp. (the "Company") (NEX: RWR) is pleased to report that it has closed the non-brokered Private Placement (the "Private Placement") previously announced (October 13, 2020) of 6,893,332 Units (each, a "Unit") at a price of $0.15 per Unit for aggregate gross proceeds of up to $1,034,000 (the "Offering"). Each Unit will be comprised of one common share and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share at a price of $0.20 per share for a period of 12 months from the date of issuance.
The Company also advises the decision of a name change from Rockwealth Resources Corp to Strathmore Plus Energy Corp. At the opening of the markets Wednesday, December 8, 2021 the Company's common shares will commence trading under the new name Strathmore Plus Energy Corp and the new stock symbol "SUU". The Company's new CUSIP number is 863083101and its new ISIN number is CA8630831011.
There is no consolidation of the Company's share capital in connection with the name change. As a result, shareholders are not required to exchange their existing share certificates for new certificates bearing the Company's new name. The name change does not affect the Company's share structure or the rights of the Company's shareholders, and no further action is required by existing shareholders.
The Company intends to use the net proceeds of the Private Placement to pay outstanding debt in the amount of $484,000. Remaining funds will be used for general working capital and the Staking and acquisition of Uranium properties within the Wyoming Uranium producing areas.
The Private Placement remains subject to all necessary regulatory approvals, including the final approval of the TSXV.
ON BEHALF OF THE BOARD OF DIRECTORS
"Dev Randhawa" Dev Randhawa President and Director
For further information, please contact: Dev Randhawa Phone: 1-250-868-8177
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.