Rocky Shore Gold completes C$2.5 million private placement financing

Rocky Shore Gold Ltd. (CSE: RSG) completed the final tranche of its non-brokered private placement, raising C$503,500 and bringing total proceeds from the offering to C$2.5 million, according to a company statement.

The final tranche included the issuance of 6,750,000 units at C$0.05 per unit and 3,320,000 flow-through shares at C$0.05 per share. Each unit consists of one common share and one-half of a common share purchase warrant.

Across all tranches of the offering, the company issued 31,530,000 units and 18,470,000 flow-through shares. The warrants carry an exercise price of C$0.10 and expire on October 7, 2028, subject to acceleration provisions if shares trade at or above C$0.20 for 20 consecutive days.

The company will use proceeds from the units for general corporate purposes, while flow-through share proceeds will fund exploration at its Gold Anchor Project in central Newfoundland. The project spans more than 1,200 square kilometers and includes the Lane Pond Gold Target, which the company plans to drill test in 2025-26.

Rocky Shore paid finder's fees and issued 289,200 finder's warrants exercisable at C$0.05 per share until April 7, 2027. All securities from the final tranche are subject to a statutory hold period expiring February 8, 2026.

The company received financial support and approval for the 2025 Junior Exploration Assistance Program from the Government of Newfoundland and Labrador's Department of Natural Resources.

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