Mr. Michael England reports
ROCKLAND FINANCING
Rockland Resources Ltd. has arranged a non-brokered private placement of up to nine million units at a price of five cents per unit for aggregate gross proceeds of $450,000. 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 10 cents per share.
Net proceeds of the financing will be used to advance the company's
Beryllium Butte property in Utah and for
general working capital purposes.
Shares issued pursuant to the financing will be subject to a four-month hold period according to applicable securities laws of Canada.
Finders' fees may be payable on the private placement, subject to the policies of the Canadian Securities Exchange.
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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