Rocky Shore Closes Acquisition of Additional Mining Claims
Rhea-AI Summary
Rocky Shore (CSE:RSG / OTCQB:RSGLF) closed the previously announced purchase of 13 mining claims in central Newfoundland on May 5, 2026 through a wholly owned subsidiary. Consideration was $25,000 cash plus 250,000 common shares, and vendors retained a 2.0% NSR royalty.
Positive
- 13 mining claims added in central Newfoundland
- Acquisition closed with $25,000 cash consideration
- Deal completed via a wholly owned subsidiary
Negative
- Vendors retained a 2.0% net smelter return royalty
- Consideration included 250,000 shares, implying shareholder dilution
TORONTO, ON / ACCESS Newswire / May 5, 2026 / Rocky Shore Gold Ltd. ("Rocky Shore" or the "Company") (CSE:RSG)(OTCQB:RSGLF) is pleased to announce that, through a wholly-owned subsidiary, it closed the previously announced purchase of 13 mining claims (the "Claims") in central Newfoundland. As previously disclosed, the Company paid consideration of
ABOUT ROCKY SHORE GOLD LTD.
Rocky Shore Gold is a focused Canadian exploration company targeting expansion of its two gold deposits and discovery of major gold zones at its
Rocky Shore would like to acknowledge the financial support and approval of the 2026 Junior Exploration Assistance Program from the Department of Natural Resources, Government of Newfoundland and Labrador.
For more information, please contact:
Ken Lapierre, President & CEO
Rocky Shore Gold Ltd.
T: +1 (647) 678-3879
E: ken@rockyshoregold.com
Cathy Hume, CEO
CHF Capital Markets
T: +1 (416) 868-1079 x 251
E: cathy@chfir.com
QUALIFIED PERSON
Ken Lapierre, P. Geo., President and CEO of the Company, is a Qualified Person in accordance with the Canadian regulatory requirements as set out in National Instrument 43-101, has reviewed and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, including, but not limited to, the acquisition of the additional Claims, the advancement of the Company's properties and geological features thereof. The forward-looking information is based on reasonable assumptions and estimates of the management of the Company at the time such statements were made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Rocky Shore to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration; future commodity prices; changes in regulations; political or economic developments; environmental risks; permitting timelines; capital expenditures; technical difficulties in connection with exploration activities; employee relations; the speculative nature of mineral including the risks of diminishing quantities of grades of resources, contests over title to properties, the Company's limited operating history, future capital needs and uncertainty of additional financing, and the competitive nature of the mining industry; the need for the Company to manage its future strategic plans; global economic and financial market conditions; uninsurable risks; and changes in project parameters as plans continue to be evaluated. Although Rocky Shore has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Although the forward-looking information contained in this news release is based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, Rocky Shore cannot assure shareholders that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. Rocky Shore does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking information, except as required by applicable securities law.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Rocky Shore Gold Ltd.
View the original press release on ACCESS Newswire