Canadian Mining Company Rockland Resources Raises $1,869,520 for Cole Gold Project

en.Wedoany.com Reported - On April 24, 2026, Canadian mining company Rockland Resources Ltd. announced the completion of the previously disclosed non-brokered financing. The company issued 8,497,818 hard dollar units at $0.22 per unit, raising a total of $1,869,520. Each unit consists of one common share and one-half of a transferable warrant, with each full warrant entitling the holder to purchase one common share at an exercise price of $0.30 within 36 months.

The net proceeds from the financing will be used to advance the company's Cole Gold Project in Red Lake, Ontario, as well as for general working capital. Additionally, the company completed a non-brokered private placement of 3,407,502 flow-through shares (FT Shares) at $0.255 per share, raising $868,913. Each FT unit consists of one flow-through share and one-quarter of a non-flow-through warrant, with a warrant exercise price of $0.30 and a term of 36 months. The FT Shares qualify as flow-through shares under the Canadian Income Tax Act, offering tax benefits to investors. The proceeds from the FT issuance will also be used for the Cole Gold Project.

Pursuant to Canadian securities laws, the shares issued in this offering are subject to a four-month hold period. The company paid $81,309.75 in finder's fees. Rockland Resources is a company focused on mineral exploration, with its flagship project being the Cole Gold Project in the Red Lake region of Ontario. The company aims to create value for shareholders through geological expertise and rigorous exploration.

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