Rockcliff Metals Corp. said Jan. 31 that it plans to change its name and trading symbol to Manitoba Metals Corp. and MAN, respectively, to reflect its commitment to its Manitoba operations.
The company also plans to consolidate its shares on a 1-for-5 basis and raise C$1.5 million from a nonbrokered private placement of 6 million post-consolidation working capital units.
Proceeds from the offering will be used to fund the exploration of the company's Manitoba properties, which include the Snow Lake copper project and for general working capital.
Rockcliff plans to close the offering by Feb. 14. Upon completion, the company plans to appoint Matthew Hornor and Robert Lecki as directors to succeed Donald Christie and William Johnstone.
