Mr. Michael England reports
ROCKLAND RESOURCES FINANCING FULLY SUBSCRIBED
Rockland Resources Ltd.'s private placement announced on Dec. 8, 2025, is now fully subscribed. The private placement arranged is a non-brokered private placement of 7.5 million units at a price of eight cents per unit for aggregate gross proceeds of $600,000. Each unit will comprise one common share and one transferable share purchase warrant of the company. Each warrant will entitle the subscriber to purchase one warrant share for a 48-month period after the closing date at an exercise price of 12 cents per share.
Net proceeds of the financing will be used to advance the corporation's
Cole Gold Mines project in Red Lake, Ont., 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 will be payable on the private placement, subject to the policies of the Canadian Securities Exchange.
About Rockland Resources Ltd.
Rockland Resources is committed to unlocking value through focused mineral exploration and discovery. The company's flagship project is the historic Cole Gold Mines project in the prolific Red Lake district of Ontario. By leveraging geological expertise, disciplined exploration and strategic project development, Rockland Resources aims to deliver meaningful growth and long-term value to its shareholders. Additionally, Rockland has a portfolio of beryllium properties in Utah that it is determining next moves on.
We seek Safe Harbor.
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