Roxmark insiders voting with their wallet. RMK-v trading at 5 cents and insider exercises 10 cent warrants. Talk about being confident about future of company. Great to see for RMK shareholders. He did not have to exercise these warrants.
SGX?
red911
Roxmark investor Cunningham exercises warrants
2008-11-18 08:46 ET - News Release
Mr. Monir Younan reports
ROXMARK RECEIVES $500,000 FROM WARRANTS EXERCISED BY SIGNIFICANT SHAREHOLDER
Roxmark Mines Ltd. shareholder Philip F. Cunningham has acquired five million common shares through the exercise of common share purchase warrants in a private transaction.
The shares, which were acquired at an exercise price of 10 cents per share, represent 3.02 per cent of the current issued and outstanding common shares of Roxmark. Mr. Cunningham owns 36,668,000 common shares of Roxmark, representing approximately 22.11 per cent of the float. The exercise of out-of-the-money warrants is a demonstration of his confidence in the future of the company.
Proceeds will be used for general corporate purposes and to assure that Roxmark has sufficient financing for its programs.
We seek Safe Harbor.