VANCOUVER, BC / ACCESSWIRE / December 2, 2024 / Rockland Resources Ltd. (the "Company" or "Rockland") (CSE:RKL) announces that the proposed consolidation (the "Consolidation") of its common shares (the "Shares"), previously announced on November 18, 2024, will proceed, effective at the open of markets on Tuesday, December 3, 2024.
The Consolidation will proceed on the basis of five (5) existing Shares for one (1) new Share. Accordingly, it is anticipated that an approximate total of 14,779,558 Shares would be issued and outstanding following the Consolidation, assuming no other change in the issued capital. Any fractional Shares arising as a result of the Consolidation will be rounded down to the nearest whole number.
The Consolidation will affect all shareholders of the Company uniformly and affect all of the Company's stock options and warrants issued and outstanding at the effective date. At the time of the Consolidation, the number, exchange basis or exercise price of all stock options and warrants issued and outstanding will be adjusted to reflect the Consolidation. The actual adjustment will be made by the Company in consultation with its advisors.
There will be no change in the Company's name, nor in its trading symbol. The post-Consolidation Shares will continue to trade on the Canadian Securities Exchange under the symbol "RKL", but with a new ISIN number (CA7736672097) and CUSIP number (773667209).
About Rockland Resources Ltd.
Rockland Resources is engaged in the business of mineral exploration and the acquisition of mineral property assets for the benefit of its shareholders.
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.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDARPLUS.CA).
SOURCE: Rockland Resources Ltd.
View the original press release on accesswire.com
