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Financings

Rockland Resources closes $1.08M financing tranche

By The Northwire Desk — AI Analysis Jan 21, 2026 · 20:05 RKL · 0.14 Rockland Resources Ltd
RKL · Price

Executive Summary

  • Rockland Resources Ltd. has closed a tranche of its non-brokered private placement, raising $1,088,000 in aggregate gross proceeds.
  • The company issued 10.88 million units at a price of $0.10 per unit, with each unit consisting of one common share and one transferable common share purchase warrant.
  • Proceeds from the financing will be utilized to advance the Cole gold mines project in Red Lake, Ontario, and for general working capital.

Key Details

  • Transaction Structure: Non-brokered private placement tranche.
  • Units Issued: 10,880,000 units.
  • Price Per Unit: $0.10 CAD.
  • Aggregate Gross Proceeds: $1,088,000 CAD.
  • Warrant Terms: Each unit includes one transferable common share purchase warrant.
    • Exercise Price: $0.15 CAD per share.
    • Duration: 36 months from the closing date.
  • Use of Proceeds: Advancement of the Cole gold mines project in Red Lake, Ontario, and general working capital.
  • Insider Participation: A senior officer of the company subscribed for 300,000 units.
  • Finders' Fees: $5,800 CAD paid in cash.
  • Hold Period: Shares issued are subject to a four-month hold period under applicable Canadian securities laws.
  • Future Tranche: The balance of the private placement is expected to close on January 27, 2026.

Notable Quotes

  • None provided in the text.
Read the original news release →

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