Rockland Resources Closes Private Placement Tranche

Executive Summary

• Rockland Resources closed a tranche of its non‑brokered private placement, issuing 10,880,000 units at $0.10 per unit for total gross proceeds of $1,088,000.
• Each unit consists of one common share and one transferable warrant exercisable at $0.15 per share for up to 36 months; a senior officer subscribed for 300,000 units.
• Proceeds will be used to advance the Cole Gold Mines project in Red Lake, Ontario and for general working capital.

Key Details

• Units Issued: 10,880,000 (each unit = 1 common share + 1 warrant).
• Price per Unit: $0.10.
• Gross Proceeds: $1,088,000.
• Warrant Terms: One‑year‑plus‑warranty; holder may purchase one share at $0.15 per share for a 36‑month period after closing.
• Finder’s Fees Paid: $5,800 cash.
• Senior Officer Subscription: 300,000 units subscribed by a senior officer of the Company.
• Closing Schedule: Current tranche closed on Jan 21 2026; balance expected to close on Jan 27 2026.
• Use of Proceeds: Advancement of Cole Gold Mines project (Red Lake, Ontario) and general working capital.
• Holding Period: Shares issued are subject to a four‑month hold period under Canadian securities law.

Notable Quotes

“The proceeds from this financing will enable us to accelerate development at our flagship Cole Gold Mines project while maintaining sufficient liquidity for ongoing operations,” – Michael England, CEO & Director.