Rocky Shore Gold Closes First Tranche of Non-Brokered Private Placement

Executive Summary

• Rocky Shore Gold Ltd. has closed the first tranche of its non-brokered private placement, raising aggregate gross proceeds of $697,500.
• The company issued 6,800,000 units and 7,150,000 flow-through shares at an issue price of C$0.05 per security.
• Proceeds are allocated to general corporate purposes for the units and for the exploration/advancement of the Gold Anchor Project for the flow-through shares.

Key Details

• Gross Proceeds: $697,500 raised in the First Tranche.
• Units Issued: 6,800,000 Units issued at C$0.05 per Unit.
  • Each Unit consists of one Common Share and one-half of one Common Share Purchase Warrant.
  • Proceeds used for general corporate purposes.
• Flow-Through Shares (FT Shares) Issued: 7,150,000 FT Shares issued at C$0.05 per FT Share.
  • Proceeds used for exploration and advancement of the Gold Anchor Project.
• Warrant Terms (Units):
  • Each warrant entitles the holder to acquire one additional Common Share on a non-flow-through basis.
  • Exercise Price: C$0.10 per share.
  • Expiry: September 2, 2028.
  • Acceleration Clause: If Common Shares trade at or above C$0.20 for 20 consecutive days, the Company may accelerate the exercise period to end at least 30 days from notice.
• Finder’s Compensation:
  • Cash finders fees paid.
  • 606,000 Finder’s Warrants issued to eligible finders.
  • Finder’s Warrant Terms: Exercisable for one Common Share at $0.05 per share until March 2, 2027.
• Hold Period: All securities issued are subject to a statutory hold period expiring January 3, 2026.

Notable Quotes

• No direct quotes from the CEO/President were included in the provided text.