July 27, 2006, Vancouver, BC – Rockwell Ventures Inc. (“Rockwell” or the “Company”) announces that it has closed the $9.5 million private placement of convertible promissory notes, on the terms previously announced by the Company on July 7, 2006. In connection with the private placement, the Company issued 678,572 shares to the purchasers of the promissory notes. The purpose of the private placement is to fund the acquisition of and working capital requirements for four alluvial diamond properties, namely the Holpan/Klipdam Property, Wouterspan Property, and Galputs Minerale Project in South Africa, and the Kwango River Project in the Democratic Republic of Congo, as announced in Rockwell’s June 30, 2006 news release. Insiders participated in the private placement and acquired $1.4 million of convertible promissory notes and received 100,000 of the shares issued. The placement was approved by the disinterested directors of Rockwell. All securities issued in connection with the private placement will be subject to a hold period expiring November 15, 2006.
For further details on Rockwell Ventures Inc., please visit the Company’s website at www.rockwellventures.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.
Ronald W. Thiessen
President and CEO
No regulatory authority has approved or disapproved the information contained in this news release.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
“Forward Looking Statement”
This release includes certain statements that may be deemed “forward-looking statements”. Other than statements of historical fact all statements in this release that address future production, reserve or resource potential, exploration drilling, exploitation activities and events or developments that each Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Rockwell, Investors should review Rockwell’s annual Form 20-F filing with the United States Securities and Exchange Commission www.sec.com and the Company’s home jurisdiction filings that are available at www.sedar.com.