Roland Mineral closes $1.25-million private placement

Executive Summary

• Roland Mineral Enterprises Corp. closed a private placement, issuing 6.25 million units at $0.20 per unit for total gross proceeds of $1.25 million.
• Each unit includes one common share and one three‑year transferable warrant (exercise price $0.26). Approximately $155,000 of the units were issued on a flow‑through basis to provide tax benefits to investors.
• Proceeds will be allocated to debt repayment, working capital, business development, and exploration/development of mineral properties; cash finder's fees of $20,700 (to Costa Brava Imports Ltd.) and $36,900 (to TAC Capital Corp.) were paid.

Key Details

• Units Issued: 6,250,000 units @ $0.20 per unit → Gross Proceeds: $1,250,000.
• Unit Composition: 1 common share + 1 three‑year transferable warrant (exercise price $0.26 per share).
• Flow‑Through Component: $155,000 of the proceeds; includes 775,000 flow‑through units and 775,000 flow‑through shares issuable upon warrant exercise.
• Insider Participation: One insider purchased 250,000 units for $50,000 (4 % of total raise), qualifying as a related‑party transaction under TSX Venture Exchange Policy 5.9 / MI 61‑101. Board approved the subscription; exemption relied on sections 5.5(a) and 5.7(1)(a).
• Use of Proceeds:
• Debt repayment
• Working capital
• Business development
• Exploration & development of mineral properties
• Finder’s Fees Paid:
• $20,700 to Costa Brava Imports Ltd. (6 % of gross proceeds)
• $36,900 to TAC Capital Corp. (6 % of gross proceeds)
• Trading Restrictions: Units and any shares issued upon warrant exercise are restricted from trading until July 6, 2026.
• Regulatory Filing: Financing terms accepted for filing by the TSX Venture Exchange; no material change report filed due to unknown closing date.

Notable Quotes

(No executive quotes were provided in the release.)