20:34:03 EDT Tue 08 Oct 2024
Enter Symbol
or Name
USA
CA



Rockland Resources Ltd
Symbol RKL
Shares Issued 69,397,787
Close 2024-03-13 C$ 0.035
Market Cap C$ 2,428,923
Recent Sedar Documents

Northern Superior sells 7.8M Rockland shares for $195K

2024-03-14 12:50 ET - News Release

See News Release (C-SUP) Northern Superior Resources Inc (2)

Mr. Simon Marcotte reports

NORTHERN SUPERIOR ANNOUNCES DISPOSITION OF ROCKLAND SHARES

Northern Superior Resources Inc. has disposed of 7.8 million shares of Rockland Resources Ltd. at a price of 2.5 cents for gross proceeds of $195,000; the disposition took place on the open market on March 13, 2024.

Prior to this disposition, the company beneficially owned, and had control and direction over, 10.8 million common shares of Rockland, constituting approximately 15.6 per cent of Rockland's total issued and outstanding shares. These shares were initially acquired by Northern Superior, along with a cash consideration and a net smelter royalty (NSR), pursuant to an option agreement on the Wapistan property in the James Bay region of the province of Quebec. See press releases dated May 2, 2023, and June 6, 2023. As a result of the disposition, Northern Superior now owns, and has control and direction over, three million common shares of Rockland, constituting approximately 4.3 per cent of Rockland's total issued and outstanding shares.

This press release is being issued as required by National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. The company will file an early warning report on SEDAR+ under Rockland's issuer profile. The company may dispose of additional shares of Rockland either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans or other relevant factors.

For further details relating to the disposition, please see the report, a copy of which will be available on SEDAR+, or by contacting the company at 1-855-525-0992.

About Northern Superior Resources Inc.

Northern Superior is a gold exploration company focused on the Chibougamau camp in Quebec, Canada. The company has consolidated the largest land package in the region, with total landholdings currently exceeding 62,000 hectares. The main properties include Philibert, Lac Surprise, Chevrier and Croteau. Northern Superior also owns significant exploration assets in Northern Ontario highlighted by the district-scale TPK project.

The Philibert project is located nine kilometres from Iamgold Corp.'s Nelligan gold project which was awarded the Discovery of the Year by the Quebec Mineral Exploration Association (AEMQ) in 2019. Philibert host a new maiden NI 43-101 inferred resource of 1,708,800 ounces gold and an indicated resource of 278,900 ounces of Au. Northern Superior holds a majority stake of 75 per cent in the Philibert project, with the remaining 25 per cent owned by SOQUEM, and retains an option to acquire the full 100-per-cent ownership of the project. Chevrier hosts an inferred mineral resource of 652,000 ounces Au (underground and open pit) and an indicated mineral resource of 260,000 ounces Au. Croteau hosts an inferred mineral resource of 640,000 ounces Au. Lac Surprise hosts the Falcon zone discovery, interpreted to be the western strike extension of Iamgold's Nelligan deposit.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.