Mr. Mike England reports
ROCKLAND RESOURCES CLOSES PRIVATE PLACEMENT
Rockland Resources Ltd. has closed its non-brokered private placement of 4.5 million units at a price of 2.5 cents per unit for aggregate gross proceeds of $112,500. Each unit will comprise one common share and one-half of one 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.
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. Rockland is focused on its district-scale (41,520 acres) land position prospective for lithium in mining-friendly Utah, United States. Other assets include an option on the 41,818-hectare Elektra claystone project concessions that are located in Sonora, Mexico, as well as an option to earn a 100-per-cent interest in the Cole gold mine property, located in Ball township in the Red Lake mining division in Ontario. The Cole property hosts high-grade gold mineralization in a classic Red Lake type structurally controlled gold deposit environment.
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