That's right Terry the only warrants on the table are from the debenture financing to secure the 100 percent interest in the San Francisco project and that was in October 2012.  

SEDAR: In October 2012 the Company exercised its option to acquire a 100% interest in the San Francisco Property by paying US $1,500,000.

Here is part of that news release for newcomers.



Vancouver, British Columbia – October 23, 2012 - Rochester Resources Ltd. (the "Company") (TSXV: RCT and Frankfurt: R5I announces that it has arranged a $950,000 private placement of convertible debentures. The private placement includes insider participation. The Company has received all $950,000 on account of this debenture financing.

The private placement will consist of convertible debentures, structured as a secured, interest-bearing loan of $950,000, which has been advanced to the Company. The term of the loan will be until December 31, 2014 at which time all unpaid principal and interest will become due. The lenders may convert at any time all or a portion of the principal amount outstanding under the loan into common shares of the Company at a conversion price of $0.10 per common share. Purchasers of the debentures will also receive detachable share purchase warrants entitling them to purchase up to a total of 4,750,000 common shares of the Company exercisable until December 31, 2014 at a price of $0.10 per common share.

The loan funds are to be used to assist the Company in funding payment of a US$1,500,000 option payment now payable to exercise the San Francisco property option. (this was completed The Company is currently producing mineralized material from the San Francisco concessions and is paying a charge of US$20 per tonne of mineralized material removed from the San Francisco concessions. During the year ended May 31, 2012, the Company processed 6,551 tonnes of mineralized material from the exploration and development works at the San Francisco project.