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

Core Viewpoint - Rocky Shore Gold Ltd. has successfully closed the second tranche of its non-brokered private placement, raising a total of $1,299,000 to support its operations and exploration activities [1][3]. Group 1: Financial Details - The second tranche involved the issuance of 17,980,000 units at an issue price of C$0.05 per unit, each unit consisting of one common share and one-half of a common share purchase warrant [1]. - Additionally, 8,000,000 flow-through shares were issued at the same price of C$0.05 per share [1]. - The proceeds from the units will be allocated for general corporate purposes, while the funds from the flow-through shares will specifically support the exploration of the Gold Anchor Project [3]. Group 2: Warrant and Finder's Fees - Each warrant allows the holder to acquire one additional common share at an exercise price of C$0.10 until September 25, 2028, with potential accelerated expiry terms if the common shares trade at or above C$0.20 for 20 consecutive days [2]. - The company paid cash finders fees and issued 1,192,800 finder's warrants to eligible finders, each exercisable at $0.05 until March 25, 2027 [4]. Group 3: Insider Participation - Insiders of the company acquired a total of 500,000 units and 200,000 flow-through shares, amounting to approximately $35,000 in subscriptions, which is classified as a related party transaction [6]. Group 4: Company Overview - Rocky Shore Gold is focused on gold exploration at its 100%-owned Gold Anchor Project, located in central Newfoundland, which is recognized as a promising gold district [7]. - The project spans over 1,200 square kilometers and is strategically positioned near significant gold discoveries and deposits [7].