Rockland Resources Secures Driller, Arranges Financing

Core Viewpoint - Rockland Resources Ltd. is advancing its Cole Gold Mines project in Ontario by engaging Chibougamau Drilling for a new drill program and arranging a private placement to fund the initiative [1][3]. Group 1: Drill Program - The initial drill program will consist of approximately 3,000 meters and is expected to commence later this month [2]. - Chibougamau Drilling, based in Red Lake, has extensive experience in the area, having drilled at the successful Great Bear deposit [1]. Group 2: Financing - The company has arranged a non-brokered private placement of up to 12 million units at a price of $0.10 per unit, aiming for aggregate gross proceeds of $1,200,000 [3]. - Each unit will consist of one common share and one transferable share purchase warrant, with the warrant allowing the purchase of one share at an exercise price of $0.15 for a period of 36 months [3]. Group 3: Company Overview - Rockland Resources is focused on mineral exploration and discovery, with its flagship project being the historic Cole Gold Mines project in the Red Lake district [6]. - The company aims to deliver meaningful growth and long-term value to shareholders through disciplined exploration and strategic project development [6].