Rockland Resources Closes Final Private Placement Tranche

Executive Summary

• Rockland Resources closed the final tranche of its non‑brokered private placement, issuing 1,120,000 units at $0.10 per unit for gross proceeds of $112,000.
• The total financing now amounts to 12,000,000 units and $1,200,000 in aggregate gross proceeds, completing the round announced on January 9, 2026.
• Proceeds will be used to advance the Cole Gold Mines project in Red Lake, Ontario and for general working capital; shares are subject to a four‑month hold period under Canadian securities law.

Key Details

• Units Issued (final tranche): 1,120,000 units at $0.10 per unit → $112,000 gross proceeds.
• Unit Composition: Each unit = 1 common share + 1 transferable common share purchase warrant.
• Warrant Terms: Warrants allow purchase of one share at $0.15 per share for a 36‑month period after the closing date.
• Finder’s Fees (final tranche): $2,000 cash paid.
• Cumulative Financing: Total of 12,000,000 units issued → $1,200,000 gross proceeds.
• Total Finder’s Fees Paid: $7,800.
• Use of Proceeds: Advancement of the Cole Gold Mines project (Red Lake, Ontario) and general working capital.
• Hold Period: Shares issued are subject to a four‑month hold period per Canadian securities regulations.

Notable Quotes

• “The successful completion of this financing provides us with the necessary capital to advance our flagship Cole Gold Mines project and strengthen our balance sheet,” – Michael England, CEO & Director.