Mar 3 2014
Razore Rock Resources Inc. ("Razore Rock" or the "Company") is pleased to announce that, further to its Press Release of December 30, 2013 relating to the acquisition of its option of the Oxford Lake Gold Property, Alto Ventures Ltd. ("Alto Ventures") has agreed to a reduction in the minimum expenditure required in the first year of the agreement to $60,000 (the "Minimum Expenditure"), being the funds actually required to keep the mineral exploration licenses comprising part of the Property in good standing, and an extension of the date by which Razore Rock must notify Alto Ventures of its commitment to make the Minimum Expenditure to March 28, 2014.
Razore Rock is undertaking a non-brokered financing to raise up to $1,550,000 to fund the initial exploration of the Oxford Lake Gold Property and to provide the Company with working capital (reference is made to the Press Release dated February 14, 2014 for particulars of the Offering).
Bill Jonstone, Corporate Secretary, commented, "We appreciate Alto Ventures' co-operation in providing Razore Rock with additional time to complete its proposed financing announced on February 14, 2014. As interest in the junior resource sector builds in anticipation of the 2014 Prospectors and Developers Association of Canada conference, Razore Rock hopes to be able to attract some attention to its exciting Oxford Lake Gold Project."
Razore Rock will be exhibiting a banner and some information on the Company at the Canadian Securities Exchange booths 2542 and 2544 at the Metro Toronto Convention Centre on Sunday, March 2, 2014 from 10:00 a.m. to 5:30 p.m. We hope to see you there.
About Razore Rock Resources Inc.
Razore Rock Resources Inc. is a mineral exploration company focused on the acquisition, exploration and development of mineral resources, primarily gold, in Manitoba. Razore Rock holds an option to earn up to a 60% working interest in the 35,300 ha Oxford Lake Gold Property in central Manitoba, which hosts an historic gold deposit, as well as a 100% interest in five mining claim blocks (the Duff Claims Property) in the Sourdough Bay and Mikanagan Faults Area, Flin Flon District, Manitoba.