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Rockland Resources ( (TSE:RKL) ) just unveiled an update.
Rockland Resources Ltd. has completed a debt settlement of $172,500 by issuing 3,450,000 units, each comprising a common share and a warrant, to various creditors, including insiders. The transaction, considered a related party transaction under regulatory guidelines, utilized exemptions due to the settlement’s value being under 25% of the company’s market capitalization. These securities are subject to resale restrictions and the settlement awaits regulatory and board approvals.
More about Rockland Resources
Rockland Resources is engaged in mineral exploration and the acquisition of mineral property assets for the benefit of its shareholders.
YTD Price Performance: 50.0%
Average Trading Volume: 81,771
Technical Sentiment Consensus Rating: Buy
Learn more about RKL stock on TipRanks’ Stock Analysis page.