February 26, 2026 — Leads & Copy —
Rocky Shore Gold Ltd. (CSE:RSG) has closed the second and final tranche of its non-brokered private placement, raising gross proceeds of C$1,283,812.51.
The Final Tranche involved the issuance of 7,336,071 units at C$0.175 per unit. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant allows the holder to acquire one additional common share at an exercise price of C$0.30 until February 25, 2029.
In total, the company issued and sold 34,754,142 units for gross proceeds of approximately C$6,081,975. The company increased the size of the offering to accommodate additional subscriptions, with the approval of the Canadian Securities Exchange.
Ken Lapierre, President and CEO of Rocky Shore Gold, stated that with the closing of the financing, the company has initiated a fully funded, expanded exploration program at its Gold Anchor Project in central Newfoundland. An initial winter drill program will begin shortly to explore for high-grade gold at the Lane Pond Gold Target.
A summer drill program is planned at the Mosquito Hill and Reid deposits, both of which are open along strike and at depth. The company will also continue to explore its land package at Gold Anchor with airborne geophysical surveys and prospecting and sampling in high-priority areas.
The proceeds from the units will be used for general corporate purposes and to advance the Gold Anchor Project.
In connection with the closing of the Final Tranche, the Company paid certain cash finders fees and issued an aggregate of 376,200 finder’s warrants to eligible finders in respect of subscriptions for Units referred by such finders. Each Finder’s Warrant is exercisable to acquire one additional Common Share at an exercise price of $0.175 per Finder’s Warrant Share until August 25, 2027.
All securities issued in connection with the Final Tranche are subject to a statutory hold period under applicable Canadian securities laws, expiring June 26, 2026.
Rocky Shore Gold is a Canadian junior exploration company focused on expanding its Mosquito Hill and Reid Gold Deposits and discovering high-grade gold zones at its Gold Anchor Project in central Newfoundland. The Gold Anchor Project is strategically located and is the second-largest property within an emerging gold district.
Rocky Shore acknowledges the financial support and approval of the 2025 Junior Exploration Assistance Program from the Department of Natural Resources, Government of Newfoundland and Labrador.
Source: Rocky Shore Gold Ltd.
