Rockland Resources Announces Proposed Share Consolidation

Rockland Resources Ltd. announced plans for a share consolidation to enhance its capacity for future financing. The consolidation involves exchanging every five pre-consolidation common shares for one post-consolidation share. This move will reduce the current 73,897,787 shares to about 14,779,557 shares, contingent on no changes in capital structure.

Additionally, the company plans to consolidate its options and warrants on a similar 5:1 ratio. This action is part of Rockland's strategy to increase financial flexibility and requires approval from the Canadian Securities Exchange (CSE). Post-consolidation, no changes will be made to the company's name or ticker symbol.