high grade gold & moly

15 Gold properties & 1 Molybdenum resource - Beardmore & Geraldton, N/W Ontario.

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Message: Todays RMK's Press Release

Todays RMK's Press Release

posted on Nov 05, 2007 04:57PM

Good evening folks please find attached todays press release regarding RMK. I think it bodes very well for the future. Specifically financing at 30 cents a share is great considering we closed today at 34 cents.

Macdonald Mines recently completed a 10 mil. dollar PP at 40 cents a share, when the stock was trading over 80 cents. Today BMK climbed 26 cents closing at $1.12. I can only imagine how well RMK is going to perform in the next several days. Enjoy the ride folks this can only go up from here.

News from CNW Group

Roxmark completes another $1 million flow-through financing with MineralFields Group

13:49 EST Monday, November 05, 2007

TORONTO, Nov. 5 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) (CNQ - RMKL) today announced the completion of a $1 million non-brokered private placement financing with MineralFields Group of Toronto, a leading mining fund. This is the second Roxmark financing with MineralFields in 2007.

Gross proceeds of $1 million were received in consideration of the issuance of 3,333,332 flow-through units at a price of $0.30 per unit. Each unit consists of one common share and one common share purchase warrant of the Company issued on a "flow-through" basis. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.40 until November 2, 2008 and at $0.55 thereafter until November 2, 2009. The warrants are subject to an accelerated expiry date under certain conditions. The securities issued pursuant to the financing are subject to a four-month hold period until March 3, 2008.

Roxmark paid finder's fees to Limited Market Dealer Inc. in the amount of a cash commission of 5% of the proceeds and granted 333,333 non-transferable finder's options, each exercisable at $0.30 per option until November 2, 2009 to acquire a unit of securities of the Company comprised of one common share and one common share purchase warrant. Such common share purchase warrant shall be exercised on the same terms as the warrants issued under the offering.

Proceeds of the private placement will be used to fund the exploration and development program to advance Roxmark's holdings of gold and molybdenum properties in the Geraldton-Beardmore mining camp in Northern Ontario.

About MineralFields, Pathway and First Canadian Securities (R)

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com . First Canadian Securities(R), a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar) on competitive, effective and service-friendly terms, with investors both within and outside of MineralFields Group.

About Roxmark Mines

Roxmark Mines Limited is the leader in gold and molybdenum exploration and development in the historically significant Geraldton-Beardmore area of Northwest Ontario. In the last two years, Roxmark has generated cash flow from bulk-sampled gold and molybdenum processed at its fully-permitted mill and has the advantage of infrastructure from six formerly highly productive gold mines located on its properties. These mines previously produced nearly two million ounces of gold from high grade ore but were closed primarily due to dramatically lower gold prices at the time and to boundary issues, since eliminated.

Further information is available on the Company's website at www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.

Forward-Looking Statements

This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of the content of this news

release.

For further information: Monir Younan, President, Roxmark Mines Limited, (416) 860-1636, Fax: (416) 360-7355, roxmark@on.aibn.com, www.roxmark.com; Renmark Financial Communications Inc.: Christine Stewart: cstewart@renmarkfinancial.com; Barbara Komorowski: bkomorowski@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com

© CNW Group

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