Mr. Michael England reports
ROCKLAND CLOSES FINANCINGS
Rockland Resources Ltd. has closed its non-brokered financings announced April 10, 2026, and April 22,
2026.
The company issued 8,497,818 hard-dollar (HD) units at a price of 22 cents per unit for aggregate gross proceeds of $1,869,520.
Each unit comprises 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 36-month period after the closing date at an exercise price of 30 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.
The company further announces it has closed the non-brokered private placement of 3,407,502 flow-through (FT) shares at a price of 25.5 cents per FT share, for aggregate gross proceeds of up to $868,913. Each flow-through unit comprises one common share of the company issued on a flow-through basis and one-fourth of one common share purchase warrant issued on a non-flow-through basis. Each whole warrant shall entitle the holder thereof to acquire one common share of Rockland at a price of 30 cents for a period of 36 months following the closing of the offering. The flow-through shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec).
The FT shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada). The proceeds from the sale of the FT units will be used to advance the company's Cole gold mines project in Red Lake.
Shares issued pursuant to the financing will be subject to a four-month hold period according to applicable securities laws of Canada.
In connection with the closing of the non-brokered private placement, the company paid total finders' fees of $81,309.75 cash.
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.
We seek Safe Harbor.
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