NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Further to the Company’s news release dated December 15, 2007, the Company wishes to announce that it has increased the size of the brokered private placement (the “Private Placement”) with Haywood Securities Inc. (“Haywood”) from 3,340,000 units up to 3,562,200 units at a price of $0.45 per Unit (the “Units”) for aggregate proceeds of up to $1,603,000 (the “Offering”).
Each Unit will consist of one common share and one transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one common share (a “Share”) for a period of two years at an exercise price of $0.90 per Share. All of the securities issued pursuant to this Offering will have a hold period expiring four months after the closing date.
In connection with the Private Placement, the Company has agreed to pay Haywood a cash commission of 6% of the gross proceeds of the sale of the Units plus any applicable taxes and will issue Agent’s Warrants equal to 10% of the number of Units sold under the Offering. Each Agent’s Warrant shall be exercisable to acquire one Unit of the Company on the same terms as the Offering.
The financing is subject to regulatory approval.
About Rocher Deboule Minerals Corp.
Rocher Deboule Minerals Corp. is a diversified exploration and development company focusing its attention on mineral properties and commodities used in the steel manufacturing industry.
On behalf of Management
ROCHER DEBOULE MINERALS CORP.
“Larry W. Reaugh”
President and Chief Executive Officer
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.