Rockland Resources Completes Private Placement

On March 21, 2024, Rockland Resources Ltd. (CSE:RKL), a company specializing in mineral exploration, announced the completion of its recent private placement. The finalization follows previous communications on March 14 and March 15, 2024. Rockland successfully issued 4,500,000 units at a price of $0.025 per unit, accumulating gross proceeds of $112,500.

Each unit issued consists of a common share and a half transferable warrant. The full warrant allows the holder to purchase an additional share at $0.05 within a 24-month period post-closing. The capital raised from this offering is earmarked for the company's general and administrative expenses. Rockland Resources operates primarily in mineral exploration, focusing on its significant land holdings in Utah, USA, prospective for lithium, among other ventures in Mexico and Ontario.