Rolland Energy closes $1.84-million private placement


2007-10-18 21:02 ET - News Release

Mr. Michael McLellan reports

ROLLAND ENERGY CLOSES PRIVATE PLACEMENT OF $1.8 MILLION

Rolland Energy Inc. has completed a private placement by issuing 3,680,470 units to investors in British Columbia, Alberta, Ontario and Quebec at a price of 50 cents per unit, for gross proceeds to the corporation of $1,840,235.

Each unit comprises eight flow-through common shares, two non-flow-through common shares and 10 non-flow-through common share purchase warrants. Each warrant entitles its holder to acquire one additional non-flow-through common share of the corporation at a price of 10 cents per share until Oct. 18, 2009.

"In raising these funds, the corporation has met the first major milestone of its restructuring plan, which was to ensure that the corporation is financially viable," said Michael McLellan, president and chief executive officer of the corporation. "The corporation now has the financial resources to address its short-term liabilities, and to focus on its operational and financing objectives from a position of relative strength. This would not have been possible without contributions made by the corporation's board of directors and employees, nor would it have been possible without the support of the corporation's lender and its trade creditors," added Mr. McLellan.

Proceeds from the financing will be used for general working capital, and to finance exploration and drilling opportunities. Of the money raised, insiders of the corporation invested a total amount of $87,000. In connection with the private placement, the corporation paid finders' fees of a total amount of $174,324 to various individuals.

The securities issued in connection with the private placement are subject to a four-month hold period in accordance with applicable securities laws and the policies of the TSX Venture Exchange. As a result of the closing of the private placement, the corporation has 90,552,989 common shares issued and outstanding.

We seek Safe Harbor.

.095 close on Friday :)

Stocks looks like it wants to go to .10

Restructuring in palce........has bounced from .045 to the .07-.08 area

.13 close.......stock is going to slide to .10

Rolland to sell unprofitable division for $1.4-million


2007-04-26 11:24 ET - News Release

Mr. Martial Rolland reports

ROLLAND ENERGY TO SELL TECHNOLOGY DIVISION FOR $1.4 MILLION

Looking to focus on its oil and gas operations, Rolland Energy Inc. plans to sell its technology division assets for $1.4-million cash to a private Canadian corporation. In addition, the purchaser is to assume and take over all the existing client, supplier and employment contracts of the technology division, including any obligations associated with these contracts.

The agreement was formalized today when Rolland Energy's board of directors authorized the corporation to sign a letter of interest with the purchaser. The sale is subject to satisfactory due diligence being performed by the purchaser, and will close upon the execution of a purchase agreement. The sale is also subject to the approval of any applicable regulatory authorities.

Rolland Energy will use the proceeds of the sale to pay down $300,000 of debt, to acquire the Scallion property for $500,000 as reported in Stockwatch on April 10, 2007, with the balance of the proceeds to go to working capital and to help finance its drilling program. There are no finders' fees associated with the sale.

Perked up on Friday. Closed @ .155.