Core Viewpoint - Rockland Resources Ltd. has appointed Mr. Ewan Downie as Technical Advisor, bringing over 20 years of experience in the Red Lake Mining District, which is expected to enhance the company's exploration efforts, particularly at the historic Cole Gold Mines Project [1][2][4]. Group 1: Appointment of Technical Advisor - Mr. Ewan Downie has extensive experience in exploration and development in the Red Lake Mining District, having participated in the discovery of multiple gold deposits [2]. - Downie expressed enthusiasm for the Cole Gold Mines Property, noting that it has not undergone modern exploration since 1973, indicating significant potential for new discoveries [3]. - The CEO of Rockland, Mike England, highlighted Downie's geological expertise as invaluable for advancing the Cole Gold Mines Project [4]. Group 2: Financing Initiatives - Rockland has arranged a non-brokered private placement of up to 1.25 million units at a price of $0.20 per unit, aiming for gross proceeds of $250,000, with proceeds designated for advancing the Cole Gold Mines Project and general working capital [4]. - Additionally, the company plans a non-brokered private placement of up to 1,000,000 flow-through shares at a price of $0.25 per share, also targeting gross proceeds of $250,000, with proceeds to be used for the Cole Gold Mines Project [5]. - Each flow-through unit will consist of one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at $0.35 for 24 months [6].
Rockland Announces Ewan Downie as Technical Advisor