Rockland Resources Limited: Closes Private Placement
Rockland Resources Ltd. (the "Company" or "Rockland") (CSE: RKL) (OTCQB: BERLF) (FSE: GB2), is pleased to announce that further to its press release dated June 18, 2025, the Company has closed the oversubscribed non-brokered private placement. The Company issued 9,056,667 units (the "Units") at a price of $0.06 per Unit for aggregate gross proceeds of $543,400. Each Unit is comprised of one common share ("Share") and one transferable common share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 36-month period after the Closing Date at an exercise price of $0.10 per share. Proceeds raised will be used for advancing the Company's Beryllium Butte project in Utah as well as for general working capital.
Finders' fees of $21,504 cash and 358,400 non-transferable finders' warrants were paid to arm's length parties. Each finder's Warrant will entitle the finder to purchase one Warrant Share of the Company for a 12-month period after the Closing Date at an exercise price of $0.10 per share. Directors of the Company participated for 650,000 units for proceeds of $39,000.
Shares issued pursuant to the Financing will be subject to a four-month hold period according to applicable securities laws of Canada.
About Rockland Resources Ltd.
Rockland Resources Ltd. (CSE: RKL) (OTCQB: BERLF) (FSE: GB2) is advancing critical minerals exploration and is specializing in beryllium at its strategically located Meteor, Beryllium Butte and Claybank projects in the Spor Mountain region of Utah, USA. Spor Mountain is home to Materion's (NYSE: MTRN) Spor Mountain Mine, the largest beryllium producer in the world and continuously mined since 1969. The Company also has the 100%-owned Cole Gold Mines Project, located in the western portion of the prolific Red Lake gold district of Ontario.
On Behalf of the Board of Directors
Michael England, CEO & Director
For further information, please contact:
Mike England
Email: mike@engcom.ca
Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.