Rochester Resources Ltd. (TSXV:RCT) announced a private placement of up to 2,500,000 common shares at a price of CAD 0.05 per share for gross proceeds of CAD 125,000 on August 10, 2020. The transaction will include participation from insiders of the company. The shares will be subject to a four month and one day hold period from the date of issuance. The transaction is subject to the approval of the TSX Venture Exchange.