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Financings

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

By The Northwire Desk — AI Analysis Feb 26, 2026 · 07:00 RSG · 0.19 Rocky Shore Gold Ltd.
RSG · Price

Executive Summary

  • Rocky Shore Gold Ltd. closed the second and final tranche of its non‑brokered private placement, raising C$1,283,812.51 for a total of approximately C$6.08 million from the full offering.
  • The financing issued 7,336,071 units at C$0.175 each, each unit consisting of one common share and one warrant (exercise price C$0.30, exercisable until 2029).
  • Proceeds will fund a fully‑funded, expanded exploration program at the Gold Anchor Project, including imminent winter drilling on the Lane Pond target and summer drilling on Mosquito Hill and Reid deposits.

Key Details

  • Final Tranche Size: C$1,283,812.51 gross proceeds.
  • Units Issued in Final Tranche: 7,336,071 units at C$0.175 per unit.
  • Total Offering Size: 34,754,142 units for approximately C$6.08 million gross proceeds.
  • Unit Composition: 1 common share + 1 common‑share purchase warrant per unit.
  • Warrant Terms: Exercise price C$0.30; exercisable until February 25 2029; non‑flow‑through basis.
  • Finder’s Warrants: 376,200 finder’s warrants issued to eligible finders; each exercisable at $0.175 per share until August 25 2027.
  • Statutory Hold Period: All securities subject to hold period expiring June 26 2026.
  • Use of Proceeds: General corporate purposes and advancement of the Gold Anchor Project (winter drill program on Lane Pond target, summer drilling on Mosquito Hill & Reid deposits, airborne geophysical surveys, prospecting and sampling).
  • Management Comment: President & CEO Ken Lapierre highlighted that the financing enables a fully funded, multi‑layered exploration program aimed at discovering high‑grade gold in central Newfoundland.

Notable Quotes

“With the closing of the present financing, execution of a fully funded, expanded, multi‑layered exploration program has been initiated at our 100% controlled district‑scale Gold Anchor Project… 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 & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.

Read the original news release →

More from Rocky Shore Gold Ltd.

Jun 10, 2026 · 07:00

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Rocky Shore Gold Commences Drilling at Gold Anchor Following Resource Definition

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Rocky Shore Gold Announces Mineral Resource Estimate for the Gold Anchor Project in Central Newfoundland

Resource Estimate Mar 26, 2026 · 16:00

Rocky Shore Closes Acquisition of Additional Mining Claims

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