Rocky Shore Gold Closes First Tranche of Non-Brokered Private Placement

Core Points - Rocky Shore Gold Ltd. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of $697,500 [1] - The first tranche involved the issuance of 6,800,000 units at C$0.05 per unit and 7,150,000 flow-through shares at the same price [1] - The proceeds from the units will be allocated for general corporate purposes, while the funds from the flow-through shares will be directed towards the exploration of the Gold Anchor Project [3] Summary by Sections Private Placement Details - The first tranche raised a total of $697,500 through the issuance of 6,800,000 units and 7,150,000 flow-through shares, both priced at C$0.05 [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrants exercisable at C$0.10 until September 2, 2028 [2] Use of Proceeds - Proceeds from the units will be used for general corporate purposes [3] - Funds from the flow-through shares will specifically support the exploration and advancement of the Gold Anchor Project [3] Finder's Fees - The company paid cash finders fees and issued 606,000 finder's warrants to eligible finders, each exercisable at $0.05 until March 2, 2027 [4] Company Overview - Rocky Shore Gold is a Canadian exploration company focused on major gold discoveries at its 100%-owned Gold Anchor Project, located in central Newfoundland [6] - The Gold Anchor Project is noted for being in a promising gold district with significant exploration potential [6]