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Financings

Rockland Announces Ewan Downie as Technical Advisor

By The Northwire Desk — AI Analysis Feb 09, 2026 · 08:00 RKL · 0.235 Rockland Resources Ltd.
RKL · Price

Executive Summary

  • Rockland Resources appoints veteran explorer Ewan Downie as a Technical Advisor to its board.
  • The company announces two non‑brokered private placements: up to 1.25 M units at $0.20/unit ($250k gross) and up to 1 M flow‑through shares at $0.25/share (up to $250k gross).
  • Proceeds will be used to advance the Cole Gold Mines Project in Red Lake, Ontario and for general working capital.

Key Details

  • Technical Advisor Appointment – Ewan Downie, with 20+ years of Red Lake exploration experience and former President/CEO of Premier Gold Mines Ltd., joins Rockland’s Technical Advisory Board.
  • Private Placement (Units) – Up to 1.25 million units at $0.20 per unit; each unit consists of one common share and one transferable warrant. Gross proceeds: $250,000.
  • Warrant Terms (Units) – Warrants allow purchase of one share at $0.275 per share for 24 months after closing.
  • Flow‑Through Offering – Up to 1 million flow‑through shares at $0.25 per share; gross proceeds: up to $250,000.
  • Warrant Terms (Flow‑Through) – Each whole warrant (half per unit) permits purchase of one common share at $0.35 for 24 months post‑closing.
  • Use of Proceeds – Funds from both offerings earmarked for advancement of the Cole Gold Mines Project and general working capital.
  • Regulatory Conditions – Closing subject to CSE approval; securities subject to a statutory hold period of four months and one day.
  • Finders’ Fees – Applicable fees will be payable under the offering agreements.

Notable Quotes

“I have long been a fan of the Red Lake camp for its history of yielding high‑grade, world‑class gold discoveries… I am excited to work with the Rockland Team to test new targets and assess the true potential at the historic Cole Gold Mine deposit.” – Ewan Downie

“We are honored to welcome Mr. Ewan Downie to Rockland’s Technical Advisory Board. His depth of geological experience and successes in the Red Lake Mining District will be invaluable as we now advance our historic Cole Gold Mines Project.” – Mike England, CEO

Read the original news release →

More from Rockland Resources Ltd.

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“Cole drill expansion uncovers visible gold, but assay wait keeps market cautious”

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