Rocky Shore Gold Completes Initial Phase of Private Placement

Rocky Shore Gold Ltd. has announced the completion of the first tranche of its non-brokered private placement, securing C$3,227,450.10 in gross proceeds. The transaction involved the issuance of 21,516,334 common shares, each priced at C$0.15, designated as flow-through shares under Canadian tax regulations. These funds are earmarked for exploration activities in central Newfoundland.

Accompanying the closure, the company granted 1,290,980 finder's warrants to eligible agents. Each warrant can be exercised to acquire one additional common share at C$0.15 until March 25, 2028. The issued securities are subject to a hold period until January 26, 2027.

Ken Lapierre, President and CEO, validated the technical details underpinning this announcement. The company emphasizes the strategic advancement of its Newfoundland projects using these proceeds.