Roland Mineral arranges $1-million private placement

Executive Summary

• Roland Mineral Enterprises Corp. entered into a private placement financing of $1 million for five million units at $0.20 per unit.
• Each unit includes one common share and one transferable warrant exercisable at $0.26 per share for three years; up to $250,000 of the units are issued on a flow‑through basis.
• The company also granted 1.08 million incentive stock options with an exercise price of $0.25 per share, exercisable over a three‑year term.

Key Details

• Financing amount: $1,000,000 total.
• Units sold: 5,000,000 units at $0.20 per unit.
• Unit composition: 1 common share + 1 transferable warrant per unit.
• Warrant terms: Right to purchase one additional share at $0.26 per share; exercisable for three years from issuance.
• Flow‑through component: Up to $250,000 of the financing may be issued on a flow‑through basis, allowing investors to receive Canadian tax benefits under the Income Tax Act.
• Use of proceeds: Payment of debt, working capital, business development, and exploration & development of mineral properties.
• Finder’s fee: A finder’s fee will be paid on a portion of the financing (amount not disclosed).
• Regulatory status: Financing and finder’s fee are subject to acceptance for filing by the TSX Venture Exchange.
• Stock option grant: 1,080,000 incentive stock options granted under the company’s stock option plan.
• Option exercise price: $0.25 per share.
• Option term: Three‑year exercisable period; subject to applicable regulatory hold periods.

Notable Quotes

(No direct quotes were provided in the release.)