Rockland Resources Ltd. (TSE:RKL) has released an update.
Rockland Resources Ltd. has announced an expansion of its previously planned private placement from 2 million units to 4.5 million, now aiming to raise a total of $112,500 with each unit priced at $0.025. This increased offering includes a share and a half warrant, which allows investors to purchase additional shares at $0.05 for 24 months post-closing. The funds from this offering are earmarked for general and administrative expenses for the company, which is focused on mineral exploration for the benefit of its shareholders.
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