Rocky Shore Gold closes first tranche raising C$697,500

Rocky Shore Gold Ltd. (CSE: RSG) completed the first tranche of its non-brokered private placement, raising gross proceeds of C$697,500. The company issued 6.8 million units at C$0.05 per unit and 7.15 million flow-through shares at C$0.05 per share.

Each unit consists of one common share and half of one warrant. The warrants allow holders to purchase additional common shares at C$0.10 until September 2, 2028, subject to accelerated expiry conditions. If common shares trade at or above C$0.20 for 20 consecutive trading days, the company may accelerate the warrant exercise period with at least 30 days notice.

The company will use proceeds from the units for general corporate purposes and proceeds from flow-through shares for exploration and advancement of its Gold Anchor Project. Rocky Shore paid finder's fees and issued 606,000 finder's warrants exercisable at C$0.05 per share until March 2, 2027.

All securities issued carry a statutory hold period expiring January 3, 2026. The private placement was initially announced on August 11, 2025.

Rocky Shore Gold operates the Gold Anchor Project, a property covering more than 1,200 square kilometers in central Newfoundland. The company received financial support approval for the 2025 Junior Exploration Assistance Program from the Government of Newfoundland and Labrador's Department of Natural Resources.

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