Rockland Resources Arranges Financing

Core Viewpoint - Rockland Resources Ltd. has announced a non-brokered private placement to raise $180,000 through the issuance of 3 million units, aimed at advancing its Cole Gold Mines project and for general working capital [1][2]. Group 1: Financing Details - The private placement consists of 3 million units priced at $0.06 each, resulting in total gross proceeds of $180,000 [1]. - Each unit includes one common share and one transferable share purchase warrant, with warrants exercisable at $0.10 per share for 36 months [1]. - The financing proceeds will be allocated to the Cole Gold Mines project in Red Lake, Ontario, and for general working capital [1]. Group 2: Regulatory and Compliance Information - Shares issued from the financing will be subject to a four-month hold period in accordance with Canadian securities laws [2]. - Finders' fees will be applicable on the private placement, adhering to the policies of the Canadian Securities Exchange [2]. Group 3: Company Overview - Rockland Resources is focused on mineral exploration and discovery, with a portfolio that includes the historic Cole Gold Mines project and a beryllium exploration portfolio in Utah [3]. - The company aims to leverage geological expertise and strategic project development to deliver growth and long-term value to shareholders [3].