Rocky Shore Gold closes C$5.2M private placement

TORONTO - Rocky Shore Gold Ltd. finished raising the remaining portion of its non-brokered private placement, accumulating C$5,205,375.60 through the issuance of 13,186,170 flow-through shares at C$0.15 each. The company announced the offering on September 17, 2026, but expanded its size upon receiving investor demand approval from the Canadian Securities Exchange.

The capital will be used for exploration and development of projects in central Newfoundland. Upon the closing of the final tranche, the firm paid finder’s fees and issued 682,170 warrants exercisable until April 15, 2028. Company insiders acquired 270,000 flow-through shares in the final round, amounting to roughly C$40,500 in subscriptions.

This related party transaction is exempt from formal valuation due to its value being less than 25% of the company’s market cap. The issued securities are bound by a statutory hold period ending February 16, 2027. Rocky Shore Gold is the owner of the Gold Anchor Project and Rocky Pond VMS Project, both situated in central Newfoundland.

The Gold Anchor Project covers a 1,200 square kilometer area with the Mosquito Hill and Reid Gold Deposits, while the Rocky Pond VMS Project lies within the Roberts Arm VMS Belt. In 2025, the company received C$150,000 in financial aid and was granted Junior Exploration Assistance for 2026 by Newfoundland and Labrador’s Department of Energy and Mines.