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BRIEF-Rockbridge To Restructure After Merger Cancelled

Published 2018-08-08, 08:44 a/m
BRIEF-Rockbridge To Restructure After Merger Cancelled
HARV
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Aug 8 (Reuters) - RockBridge Resources Inc RBE.V :

* ROCKBRIDGE TO RESTRUCTURE AFTER MERGER CANCELLED

* ROCKBRIDGE RESOURCES INC - PROPOSED MERGER WITH 1100556 B.C. LTD NOW TERMINATED

* ROCKBRIDGE RESOURCES INC - WILL BE CONSOLIDATING ITS COMMON SHARE CAPITAL ON A 4 OLD FOR 1 NEW SHARE BASIS

* ROCKBRIDGE RESOURCES INC - WILL BE SETTLING DEBT OF $128,880 WITH 2.1 MILLION POST-CONSOLIDATED SHARES AT $0.06 EACH

* ROCKBRIDGE RESOURCES INC - WILL ALSO BE CONDUCTING A PRIVATE PLACEMENT OF POST-CONSOLIDATED SHARES AT $0.06 EACH, FOR GROSS PROCEEDS OF $250,000

* ROCKBRIDGE RESOURCES INC - PROCEEDS WILL BE UTILIZED, ALONG WITH SHARES FOR DEBT, TO PAY OFF ALL OF COMPANY'S LIABILITIES, AND FOR WORKING CAPITAL

* ROCKBRIDGE RESOURCES INC - GURM SANGHA HAS RESIGNED FROM BOARD OF DIRECTORS

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