Rocky Shore Gold Raises C$503,500 for Gold Anchor Project Drilling
Rocky Shore Gold Ltd. (CSE: RSG) has successfully concluded the final tranche of a non-brokered private placement, raising C$503,500. The funds will support exploration at the company's 100%-owned Gold Anchor Project in central Newfoundland, with a focus on the Lane Pond Gold Target in 2025-26.
The Company issued 6,750,000 Units at C$0.05 each, with each Unit comprising one Common Share and one-half of one Warrant. Additionally, 3,320,000 flow-through shares (FT Shares) were issued at the same price. In total, the Company raised C$2.5 million through the Offering. The securities issued in the final tranche are subject to a statutory hold period expiring February 8, 2026.
Rocky Shore Gold Ltd. is a Canadian exploration company targeting major gold discoveries at its Gold Anchor Project. The Lane Pond Gold Target, the focus of the inaugural drill program, is strategically located within the prolific Appleton Fault Corridor. The Company acknowledges financial support from the Government of Newfoundland and Labrador's Junior Exploration Assistance Program. No specific information is available regarding the financing companies for this project exploration.
The funds raised will be used for exploration at the Gold Anchor Project, including the inaugural drill program at the Lane Pond Gold Target in 2025-26. The Company paid cash finders' fees and issued 289,200 finder's warrants in connection with the final tranche. The Company's exploration efforts are expected to advance the Gold Anchor Project and potentially uncover significant gold discoveries.
Read also:
- Industrial robots in China are being installed at a faster rate than in both the United States and the European Union, as the global market for these robots faces a downturn.
- NATO's Massive Naval Drill Shows Unity Against Russian Aggression
- Undeads Games Reaches $30 Million TVL and Gears Up for MMORPG Debut
- Hyundai N affirms transition to hybrid performance-centric models, initiating with Tucson N
