Rockland Resources Increases Private Placement Offering

Rockland Resources Ltd., based in Vancouver, BC, has announced an increase in its previously mentioned non-brokered private placement. Initially revealed on March 14th, 2024, the company has expanded the offering from 2 million units to 4.5 million units. The units are priced at $0.025 each, which elevates the total gross proceeds from $50,000 to $112,500.

Each unit in this offering will consist of one common share and one-half of a transferable share purchase warrant. Holders of these warrants will have the right to buy additional shares at a price of $0.05 each within a 24-month period following the closing date of the offering. Rockland Resources intends to use the proceeds from this offering for general and administrative purposes.

This expansion reflects the company's strategic efforts to secure funding for its administrative expenses. It also highlights Rockland’s commitment to advancing its projects and operational capabilities through increased financial flexibility.