RockBridge Resources Inc. has a signed Offer to Purchase for certain producing gas properties located in northeastern British Columbia, subject to customary conditions including due diligence, signing a formal purchase agreement and regulatory approval. The Company is well into the due diligence process and the purchase is expected to close in August 2014. On completion of the purchase, it is anticipated that the Company's net production will be approximately 100 boepd.
RockBridge is continuing with its private placement offering of 6,000,000 Units at $0.05 each, on a non-brokered basis, subject to regulatory approval. Each Unit consists of one regular common share and one share purchase warrant exercisable at $0.08 per share for one year. Finder's fees of 10% will be paid on the financing to qualified finders, and 10% brokers' warrants to brokers, with each warrant exercisable for one year at $0.08 per share.