Rocky Shore Gold raises private placement to $2.5 million

Rocky Shore Gold Ltd. (CSE: RSG) increased its private placement offering to $2.5 million from a previously announced amount due to high investor interest, according to a company statement.

The Toronto-based exploration company will sell units at $0.05 per unit and flow-through shares at $0.05 per share. The flow-through shares qualify under Canadian tax regulations and proceeds will fund exploration at the company's Gold Anchor Project in Newfoundland. Unit proceeds will support general corporate purposes.

The Canadian Securities Exchange approved an extension for completing the offering. Rocky Shore Gold intends to close a second and final tranche by October 17, 2025. Securities issued will be subject to a four-month and one-day hold period under Canadian securities laws.

The company may pay finder's fees on portions of the offering, subject to exchange policies and securities legislation compliance. The original offering terms remain unchanged from the August 11, 2025 announcement.

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

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