Mr. Mike England reports
ROCKLAND RESOURCES ANNOUNCES BOARD AND ADVISORY BOARD ADDITIONS
Rockland Resources Ltd. has appointed Dr. Tom McCandless to its board of directors and Mackenzie (Mac) Watson to the advisory board.
"We are pleased to welcome Tom and Mac to the growing team at Rockland. Their combined knowledge and experience in the mining space will greatly enhance our chances of success in the exploration stage of our various projects," stated Mike England, chief executive officer of Rockland Resources.
Dr. McCandless has over 40 years of experience in mineral discovery and development over a broad range of commodities including lithium, uranium, gold, base metals, PGE (platinum group elements) and geothermal energy. Most recently, he served as vice-president of exploration for Mountain Province Diamonds, overseeing exploration of its joint venture share at the world-class Gahcho Kue diamond mine and for its Kennady North project surrounding the mine. Since 2008, he is the president of MCC Geoscience Inc. and has consulted for grassroots exploration through to operating mines located in North America, South America, Africa and Europe. He is also a registered professional geoscientist and an adjunct professor at the University of Alberta and University of Arizona.
Mr. Watson, BSc, PEng, has over 50 years of experience in exploration, finance, development and operations in the mining industry. Mr. Watson has spent his career in the junior mining sector, notably serving as chief executive officer (CEO) of Lynx Canada Exploration Ltd. until 1985, then as CEO for Freewest Resources Inc. until its acquisition by Noranda in 1994. He then served as CEO of Freewest Resources Canada Inc. until its acquisition by Cliffs Natural Resources in 2010. Mr. Watson is the first person to receive the Bill Dennis Award for a Canadian Discovery and/or prospecting success twice: first in 1991 for numerous discoveries and again in 2009 as part of the team responsible for chromite discoveries in the Ring of Fire. He also holds the Quebec Prospector of the Year Award in 1992 for his participation in the discovery of the Pusticamica and Verneuil gold deposits in Quebec. In January, 2015, Mr. Watson was inducted into the Canadian Mining Hall of Fame.
The company further announces it has arranged a non-brokered private placement of two million units at a price of 2.5 cents per unit for aggregate gross proceeds of $50,000. Each unit will comprise one common share and one-half transferable share purchase warrant of the company. Each whole warrant will entitle the subscriber to purchase one warrant share for a 24-month period after the closing date at an exercise price of five cents per share. Proceeds raised from the offering will be used for general and administrative purposes.
Rockland also announces it has set two million options to directors, officers and consultants of the company at an exercise price of five cents for a period of three years in accordance with the company's stock option plan.
About Rockland Resources Ltd.
Rockland Resources is engaged in the business of mineral exploration and the acquisition of mineral property assets for the benefit of its shareholders.
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