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Rocky Shore Gold Closes Final Tranche of Oversubscribed Non-Brokered Private Placement

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Rocky Shore Gold Closes Final Tranche of Oversubscribed Non-Brokered Private Placement

 

 

 

 

 

Rocky Shore Gold Ltd. (CSE: RSG) is pleased to announce that it has closed the third and final tranche of the non-brokered private placement previously announced on August 11, 2025. Under the Final Tranche, the Company raised aggregate gross proceeds of $503,500 and issued (i) 6,750,000 units, at an issue price of C$0.05 per Unit, with each Unit comprised of one common share of the Company and one-half of one common share purchase warrant, and (ii) 3,320,000 Common Shares that qualify as “flow-through shares” (as defined in subsection 66(15) of the Income Tax Act (Canada)), at an issue price of C$0.05 per FT Share. In total, the Company has sold and issued an aggregate of 31,530,000 Units and 18,470,000 FT Shares for aggregate gross proceeds of $2.5 million pursuant to the full Offering.

 

Ken Lapierre, President and CEO of the Company, commented, “We thank all those new investors and existing shareholders that supported the Company’s vision. Funds are now in place to continue our ongoing exploration at our Gold Anchor Project in central Newfoundland, which will include an inaugural drill program at the Lane Pond Gold Target in 2025-26. The Lane Pond Gold Target is strategically associated within the prolific Appleton Fault Corridor and has never been drill tested. The Appleton Fault is known to host gold resources and high-grade gold discoveries on the adjoining project to the northeast of Gold Anchor. We remain focused in our efforts to advance Gold Anchor and identify Newfoundland’s next major gold discovery.”

 

Each Warrant entitles the holder thereof to acquire one additional Common Share, to be issued on a non-flow-through basis, at an exercise price of C$0.10 until October 7, 2028, but subject to accelerated expiry terms following the expiry of the four month and a day hold period. If the Common Shares trade at or above C$0.20 per share for 20 consecutive days, the Company will have the right to accelerate the exercise period to a period ending at least 30 days from the date that notice of such acceleration is provided to the holders of the Warrants.

 

The proceeds from the Units issued under the Final Tranche will be used for general corporate purposes. The proceeds from the FT Shares issued under the Final Tranche will be used for the exploration and advancement of the Company’s Gold Anchor Project.

 

In connection with the closing of the Final Tranche, the Company paid certain cash finders fees and issued an aggregate of 289,200 finder’s warrants to eligible finders in respect of subscriptions for Units and FT Units referred by such finders. Each Finder’s Warrant is exercisable to acquire one additional Common Share at an exercise price of $0.05 per Finder’s Warrant Share until April 7, 2027.

 

All securities issued in connection with the Final Tranche are subject to a statutory hold period expiring February 8, 2026.

 

About Rocky Shore Gold Ltd.

 

Rocky Shore Gold is a dynamic Canadian exploration company targeting major gold discoveries at its 100%-owned Gold Anchor Project, strategically located in central Newfoundland -one of Canada’s most promising and underexplored gold belts. The district-scale grassroots project is the second-largest (greater than 1,200 square kilometres) property within an emerging gold district. It is strategically located on trend to major gold discoveries and recent gold deposits. Numerous gold-bearing faults are within the project limits, including the highly prospective Appleton and JBP Faults. For more information, please visit our website at www.rockyshoregold.com.

 

Rocky Shore would like to acknowledge the financial support and approval of the 2025 Junior Exploration Assistance Program from the Department of Natural Resources, Government of Newfoundland and Labrador.

 

Posted October 8, 2025

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