Rockland Resources Ltd. (TSE:RKL) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.
For further insights into TSE:RKL stock, check out TipRanks’ Stock Analysis page.