Rocky Shore Gold Completes Final Tranche of Private Placement

Toronto-based Rocky Shore Gold Ltd. has successfully closed the final tranche of its non-brokered private placement, raising a total of $1,977,925.50. This issuance involved 13,186,170 flow-through shares priced at C$0.15 per share. Overall, the company issued 34,702,504 shares, garnering $5,205,375.60 in gross proceeds. The offering's size was increased due to heightened investor interest, in accordance with Canadian Securities Exchange consents.

Funds acquired will advance exploration of Rocky Shore's projects in central Newfoundland. The final tranche triggered finder's fee payments and the issuance of 682,170 finder's warrants. These can be converted into common shares at $0.15 until April 2028. Notably, insiders acquired 270,000 shares, a transaction exempt from MI 61-101 requirements, as it does not exceed 25% of the company's market capitalization.