GM(US:GM) Thenewswire·2026-02-24 00:50Core Viewpoint - Rockland Resources Ltd. is actively advancing its mining projects, particularly the Cole Gold Mines project and the newly acquired Twin Break project, while successfully closing financing rounds to support these initiatives [1][3][7]. Drill Program - The company is currently drilling at its 100% owned Cole Gold Mines project in Ontario, with the program reaching hole 12 and the first five drilled holes submitted for lab analysis, with results expected soon [2]. Financing Closing - Rockland has completed a non-brokered private placement, issuing 1.375 million units at $0.20 per unit, raising gross proceeds of $275,000. Each unit consists of one common share and one transferable share purchase warrant, exercisable at $0.275 for 24 months [4]. - Additionally, the company closed a private placement of 1,000,000 flow-through shares at $0.25 per share, generating up to $250,000 in gross proceeds. Each flow-through unit includes one common share and half a warrant, with the whole warrant allowing purchase at $0.35 for 24 months [5][6]. Acquisition - Rockland has signed an option to acquire a 100% interest in the Twin Break project, located in the Red Lake Mining District, which is characterized as a high-grade opportunity with potential for drill-ready targets [7]. - The Twin Break project features patented land with documented high-grade gold at surface, including samples of 122.5 g/t Au and 161.1 g/t Au, and drill-supported mineralization with intercepts of 60.3 g/t Au over 0.69 m [8]. Property Highlights - The Twin Break project offers secure tenure over a proven gold-bearing setting, with significant structural upside and multiple priority targets for follow-up work [8]. - The acquisition terms include the issuance of 250,000 shares upon approval and an additional 500,000 shares after 12 months, with a 3.0% NSR applicable [9].