Rocky Shore closes $1.28M final tranche of financing

Executive Summary

• Rocky Shore Gold Ltd. has closed the second and final tranche of its non-brokered private placement, raising $1,283,812.51.
• The total offering now comprises 34,754,142 units with aggregate gross proceeds of approximately $6,081,975.
• Proceeds will fund general corporate purposes and an expanded exploration program at the Gold Anchor project in central Newfoundland, including an inaugural winter drill program.

Key Details

• Final Tranche Details:
  • Gross proceeds raised: $1,283,812.51
  • Units issued: 7,336,071 units
  • Issue price: 17.5 cents per unit
  • Unit composition: One common share and one common share purchase warrant
  • Warrant terms: Exercisable to acquire one common share at $0.30 per share until Feb. 25, 2029
• Total Offering Summary:
  • Total units issued and sold: 34,754,142 units
  • Total aggregate gross proceeds: Approximately $6,081,975
  • The offering was upsized due to additional investor interest with prior approval from the Canadian Securities Exchange.
• Use of Proceeds:
  • General corporate purposes
  • Advancement of the Gold Anchor project (central Newfoundland)
• Finder Fees and Warrants:
  • Cash finders' fees paid
  • 376,200 finder warrants issued to eligible finders
  • Finder warrant terms: Exercisable to acquire one common share at $0.175 per share until Aug. 25, 2027
• Regulatory and Hold Periods:
  • Securities subject to statutory hold period under Canadian securities laws
  • Hold period expires: June 26, 2026
• Operational Updates:
  • Execution of a fully funded, expanded multilayered exploration program initiated at the Gold Anchor project.
  • Inaugural winter drill program to commence shortly at the 11.0-kilometre-long undrilled Lane Pond gold target.
  • Planned summer drill program at Mosquito Hill and Reid deposits (porphyry-controlled).
  • Continued exploration of the large land package via airborne geophysical surveys, prospecting, and sampling.

Notable Quotes

• "With the closing of the present financing, execution of a fully funded, expanded multilayered exploration program has been initiated at our 100-per-cent-controlled district-scale Gold Anchor project in central Newfoundland. An inaugural winter drill program will commence shortly to discover high-grade gold at our 11.0-kilometre-long undrilled Lane Pond gold target. A summer drill program, at both of our gold-bearing, porphyry-controlled Mosquito Hill and Reid deposits, is planned where both deposits are open along strike and at depth. Regionally, we will continue to explore the balance of our large land package at Gold Anchor with detailed airborne geophysical surveys and continued prospecting and sampling in areas deemed as high priority. We thank all those new investors and existing shareholders that supported the company's vision. We remain focused and excited for 2026 as we advance the Gold Anchor project with a view to identifying Newfoundland's next major gold discovery." — Ken Lapierre, President and CEO