Mr. Michael England reports
ROCKLAND RESOURCES PROVIDES UPDATE ON SHARE CONSOLIDATION
Rockland Resources Ltd.'s proposed consolidation of common shares, previously announced on Nov. 18, 2024, will proceed, effective at the open of markets on Tuesday, Dec. 3, 2024.
The consolidation will proceed on the basis of one new share for five existing shares. Accordingly, it is anticipated that an approximate total of 14,779,558 shares would be issued and outstanding following the consolidation, assuming no other change in the issued capital. Any fractional shares arising as a result of the consolidation will be rounded up to the nearest whole number.
The consolidation will affect all shareholders of the company uniformly and affect all of the company's stock options and warrants issued and outstanding at the effective date. At the time of the consolidation, the number, exchange basis or exercise price of all stock options and warrants issued and outstanding will be adjusted to reflect the consolidation. The actual adjustment will be made by the company in consultation with its advisers.
There will be no change in the company's name, nor in its trading symbol. The postconsolidation shares will continue to trade on the Canadian Securities Exchange under the symbol RKL, but with a new ISIN (CA 773667 20 9 7) and Cusip number (773667 20 9).
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.
We seek Safe Harbor.
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