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Rocky Shore Gold Announces Non-Brokered Private Placement

Core Viewpoint - Rocky Shore Gold Ltd. is initiating a non-brokered private placement to raise up to $1,500,000 through the sale of units and flow-through shares, aimed at advancing its Gold Anchor Project [1][3]. Group 1: Offering Details - The Offering will consist of units priced at $0.05 each, with each unit comprising one common share and one-half of a share purchase warrant [2]. - Each warrant allows the holder to acquire one common share at an exercise price of $0.10 for three years, with potential accelerated expiry terms if the common shares trade at or above $0.20 for 20 consecutive days [2]. - The proceeds from the units will be allocated for general corporate purposes, while proceeds from the flow-through shares will specifically fund exploration and advancement of the Gold Anchor Project [3]. Group 2: Regulatory and Insider Participation - The securities issued will be subject to a hold period of four months and one day, in compliance with Canadian securities laws [4]. - Insiders of the company may participate in the Offering, which will be considered a related party transaction, but is expected to remain below 25% of the company's market capitalization, allowing the company to rely on exemptions from formal valuation requirements [5]. Group 3: Project Overview - The company is excited about its upcoming fall drill program at the Lane Pond Gold Target, which trends over 11 kilometers within the Gold Anchor Project [6]. - The Lane Pond Gold Target has never been drilled and is strategically located along the Appleton Fault Corridor, with ongoing sampling and geophysical surveys to identify priority areas for diamond drilling [6]. - The planned drilling will include up to 5,000 meters across 30-50 shallow near-surface holes [6]. Group 4: Company Background - Rocky Shore Gold is a Canadian exploration company focused on major gold discoveries at its 100%-owned Gold Anchor Project, located in central Newfoundland, an underexplored gold belt [10]. - The project spans over 1,200 square kilometers and is strategically positioned near significant gold discoveries and deposits [10].