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

Executive Summary

• Rocky Shore Gold closed the third and final tranche of its non‑brokered private placement, raising $503,500 in gross proceeds for this tranche and bringing total proceeds to approximately $2.5 million.
• The offering consisted of 6,750,000 Units at C$0.05 each (each Unit = 1 common share + ½ warrant) and 3,320,000 flow‑through shares at the same price; overall issuance totals 31,530,000 Units and 18,470,000 FT Shares.
• Proceeds will fund general corporate purposes and, specifically for the FT Shares, exploration of the Gold Anchor Project, including an inaugural drill program at the Lane Pond Gold Target in 2025‑26.

Key Details

• Final Tranche Gross Proceeds: C$503,500.
• Total Offering Gross Proceeds: Approximately C$2.5 million.
• Units Issued (Final Tranche): 6,750,000 Units at C$0.05 per Unit.
• Composition of Each Unit: 1 common share + ½ common share purchase warrant.
• Warrant Terms: Exercise price C$0.10; exercisable until Oct 7 2028, with accelerated expiry possible after a four‑month hold period and further acceleration if the share trades ≥ C$0.20 for 20 consecutive days.
• Flow‑Through Shares Issued (Final Tranche): 3,320,000 FT Shares at C$0.05 per share.
• Cumulative Units Issued: 31,530,000 Units.
• Cumulative Flow‑Through Shares Issued: 18,470,000 FT Shares.
• Use of Proceeds – Units: General corporate purposes.
• Use of Proceeds – FT Shares: Exploration and advancement of the Gold Anchor Project (incl. Lane Pond drill program).
• Finder’s Warrants: 289,200 warrants issued to finders; each warrant exercisable for one common share at $0.05 until Apr 7 2027.
• Statutory Hold Period: All securities subject to hold expiring Feb 8 2026.
• Exploration Update: Funds will support an inaugural drill program at the Lane Pond Gold Target (central Newfoundland) in 2025‑26; target lies within the Appleton Fault Corridor, a known gold‑bearing structure.

Notable Quotes

“Funds are now in place to continue our ongoing exploration at our Gold Anchor Project… The Lane Pond Gold Target is strategically associated within the prolific Appleton Fault Corridor and has never been drill tested.” – Ken Lapierre, President & CEO, Rocky Shore Gold Ltd.