Rockbridge Resources closes $240,000 financing

• Rockbridge Resources Inc. (ROCB) closed a private placement financing on May 20, 2026, raising $240,000 in gross proceeds.
• The offering consisted of 4.8 million units at a price of $0.05 per unit.
• Each unit includes one common share and one warrant exercisable at $0.05 for two years from closing.
• Proceeds are designated for exploration expenditures, marketing, and general working capital.
• All securities carry a four-month hold period under Canadian securities laws.
• This transaction follows the May 1, 2026 announcement of an offering up to $250,000, indicating a near-complete fill rate (96%).
• The company listed on the Canadian Securities Exchange (CSE) on March 26, 2026, following receipt of a long-form prospectus.

• Capital Raise Impact: The $240,000 raise is material only in that it provides immediate working capital to continue operations; however, the absolute amount is negligible for an exploration company and suggests limited investor appetite or early-stage constraints.
• Dilution Risk: Issuance of 4.8 million units plus existing warrants (3.888 million special warrants converted earlier) significantly increases share count relative to a likely small float, creating ongoing dilution pressure.
• Price Stability: The offering price of $0.05 sets the current valuation anchor; trading below this level would indicate distress, while trading above suggests speculative interest.
• Execution Risk: The financing closed slightly under the maximum target ($240k vs $250k), which is minor but highlights potential difficulty in raising larger sums quickly.
• Strategic Context: No strategic investors or institutional backers were identified in this round, relying on retail or small private placement capital.

• Company: Rockbridge Resources Inc. (ROCB).
• Exchange: Canadian Securities Exchange (CSE).
• Listing Date: March 26, 2026.
• Flagship Project: Exploration project in British Columbia (specific asset details not provided in news releases).
• Development Stage: Early exploration; recent financing earmarked for advancement of the project.
• Corporate Structure: Common shares and warrants outstanding; special warrants previously converted to common shares without cash consideration.