Rockridge Resources Ltd. announced a non-brokered private placement of 15,598,571 units at a price of CAD 0.035 per unit for gross proceeds of CAD 545,950 on May 15, 2023. Each unit is comprised of one common share and one transferable share purchase warrant. Each warrant is exercisable into one common share of the company at an exercise price at CAD 0.07 per share for a period of 36 months.

All securities to be issued will be subject to four months plus one day hold period. The transaction is subject to the approval of TSX Venture Exchange. The company may pay finders' fee in connection with the transaction and in accordance with the policies of the TSX Venture Exchange.

The company expects to close the financing shortly as the financing has been fully subscribed for.