Rockland Resources Concludes Financings, Securing Funds for Cole Gold Mines Project
Vancouver, British Columbia — April 24, 2026 — Leads & Copy — Rockland Resources Ltd. (CSE: RKL) (OTCQB: BERLF) (FSE: GB2) has closed its non-brokered financings, initially announced on April 10 and April 22, 2026.
The Company issued 8,497,818 hard dollar units at a price of $0.22 per unit, resulting in aggregate gross proceeds of $1,869,520. Each unit includes one common share and one-half of one transferable share purchase warrant. Each whole warrant allows the subscriber to purchase one warrant share for a 36-month period after the closing date at an exercise price of $0.30 per share.
The net proceeds from the financing will be used to advance the Corporation’s Cole Gold Mines project in Red Lake, Ontario, and for general working capital purposes.
Rockland Resources also announced the closing of a non-brokered private placement of 3,407,502 flow-through shares at a price of $0.255 per FT share, generating aggregate gross proceeds of up to $868,913. Each flow-through unit includes one common share issued on a flow-through basis and one-quarter of one common share purchase warrant issued on a non-flow-through basis. Each whole warrant entitles the holder to acquire one common share of RKL at a price of $0.30 for 36 months following the offering’s closing.
The flow-through shares will qualify under Subsection 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec), entitling the holder to applicable tax benefits. Proceeds from the sale of the FT Units will also be used to advance the Company’s Cole Gold Mines project in Red Lake.
Shares issued through the financing are subject to a four-month hold period according to Canadian securities laws.
In connection with the closing of the non-brokered private placement, the company paid finders’ fees of $81,309.75.
Rockland Resources is focused on mineral exploration and discovery, with its flagship project being the Cole Gold Mines project in the Red Lake district of Ontario. The company aims to deliver growth and long-term value to shareholders through geological expertise, exploration, and project development.
We seek Safe Harbor.
On Behalf of the Board of Directors
Michael England, CEO & Director
Source: Rockland Resources Ltd.
Share this story:
