Northwire Canada EditionWednesday, August 12, 2026
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Financings

Rockland Resources Closes Private Placement

By The Northwire Desk — AI Analysis Nov 20, 2025 · 18:31 RKL · 0.065 Rockland Resources Ltd.
RKL · Price

Executive Summary

  • Rockland Resources Ltd. closed a non‑brokered private placement of 3 million units at $0.06 per unit, generating $180,000 in gross proceeds.
  • Each unit consists of one common share and one transferable warrant exercisable for 36 months at $0.10 per share.
  • Proceeds will be used to advance the Cole Gold Mines project in Red Lake, Ontario, and for general working capital.

Key Details

  • Units Issued: 3,000,000 units @ $0.06 per unit → Gross proceeds: $180,000.
  • Unit Composition: 1 common share + 1 transferable common share purchase warrant.
  • Warrant Terms: One‑year‑long exercise window of 36 months from closing; exercise price $0.10 per share.
  • Hold Period: Shares issued are subject to a four‑month hold period under Canadian securities law.
  • Use of Proceeds:
  • Advancement of the Cole Gold Mines project (Red Lake, Ontario).
  • General working capital purposes.

Notable Quotes

(No CEO/President quotes were included in the release.)

Read the original news release →

More from Rockland Resources Ltd.

Jun 25, 2026 · 08:30

High-grade gold intercepts at Cole confirm continuity below historic workings, but cash burn and going concern risks persist.

Drill Results Jun 09, 2026 · 08:30

High-grade intercepts at Cole Gold Mines offset by persistent going-concern risk and continuous dilution.

Drill Results Apr 24, 2026 · 19:05

Rockland Resources Secures Runway for Red Lake Expansion Despite Discounted Equity Placement

Financings Apr 21, 2026 · 16:50

Rockland Resources Upsizes Financing Amidst Pending Drill Assays and Dilution Concerns

Financings Apr 10, 2026 · 12:20

Rockland Secures Runway for Cole Gold Drilling Following Visible Gold Discovery

Financings Apr 09, 2026 · 08:05

“Cole drill expansion uncovers visible gold, but assay wait keeps market cautious”

Drill Results