Northwire Canada EditionWednesday, August 12, 2026
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Financings

Rockland Resources closes $180,000 private placement

By The Northwire Desk — AI Analysis Nov 20, 2025 · 20:59 RKL · 0.065 Rockland Resources Ltd
RKL · Price

Executive Summary

  • Rockland Resources Ltd. has closed a non-brokered private placement, issuing 3 million units for aggregate gross proceeds of $180,000.
  • Each unit consists of one common share and one transferable common share purchase warrant, with the warrants exercisable at 10 cents per share for a 36-month period.
  • The proceeds are designated for advancing the Cole gold mines project in Red Lake, Ontario, and for general working capital.

Key Details

  • Transaction Type: Non-brokered private placement closing.
  • Units Issued: 3,000,000 units.
  • Price Per Unit: $0.06 CAD.
  • Aggregate Gross Proceeds: $180,000.
  • Warrant Terms:
    • Each unit includes one transferable common share purchase warrant.
    • Exercise Price: $0.10 per share.
    • Exercise Period: 36 months after the closing date.
  • Use of Proceeds: Advancement of the Cole gold mines project in Red Lake, Ontario, and general working capital.
  • Hold Period: Shares issued are subject to a four-month hold period under applicable Canadian securities laws.

Notable Quotes

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

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