Rocky Shore Gold Announces Non-Brokered Private Placement
Rocky Shore Gold plans a C$5 million flow-through share financing to fund exploration of its Newfoundland gold and VMS projects.
Rhea-AI Summary
Rocky Shore Gold (RSGLF) announced a non-brokered private placement of flow-through common shares to raise up to C$5,000,000 at C$0.15 per FT Share.
Proceeds are earmarked for exploration and advancement of the 100%-owned Gold Anchor and Rocky Pond VMS projects in central Newfoundland. The FT Shares will be subject to a hold period of four months and one day under Canadian securities laws, and finder’s fees may be paid to eligible parties. Insiders may participate, with the company expecting insider involvement to remain below 25% of market capitalization, enabling use of exemptions from formal valuation and minority approval requirements. The company also acknowledges C$150,000 of 2025 Junior Exploration Assistance and approval of 2026 JEA support from the Government of Newfoundland and Labrador.
Positive
- Non-brokered FT financing of up to C$5,000,000 at C$0.15 per share
- Use of proceeds directed to exploration and advancement of Newfoundland projects
- C$150,000 Junior Exploration Assistance support received for 2025, with 2026 JEA approved
Negative
- Equity financing will create additional shares, implying dilution for existing shareholders
- FT Shares carry a four-month-plus-one-day hold period, limiting short-term liquidity
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, ON / ACCESS Newswire / September 17, 2026 / Rocky Shore Gold Ltd. ("Rocky Shore" or the "Company") (CSE:RSG)(OTCQB:RSGLF) announces that it is undertaking a non-brokered private placement (the "Offering") to raise aggregate gross proceeds of up to
The proceeds from the Offering will be used for the exploration and advancement of the Company's projects in central Newfoundland.
The FT Shares to be issued in connection with the Offering will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. The Company may pay finder's fees on a portion of the Offering to eligible finders, subject to compliance with the policies of the Canadian Securities Exchange and applicable securities legislation.
Insiders of the Company may participate in the Offering. Any participation by insiders of the Company in the Offering will constitute a "related party transaction" under applicable Canadian securities laws. However, neither the fair market value of the subject matter, nor the fair market value of the consideration to be paid by insiders of the Company for the transaction, insofar as it involves the related party, is expected to exceed
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Qualified Person
Ken Lapierre, P.Geo., President and CEO of the Company, a Qualified Person in accordance with the Canadian regulatory requirements as set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
About Rocky Shore Gold Ltd.
Rocky Shore Gold is a Canadian junior exploration company focused on its
Please visit our website at www.rockyshoregold.com.
Rocky Shore Gold would like to acknowledge the
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
X (formerly Twitter): @RockyShoreGold
LinkedIn: @RockyShoreGold
Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian and United States 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 Offering (including the participation of insiders in the Offering) and the advancement of the Company's mineral properties. 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 the Company to be materially different from those expressed or implied by such forward-looking information, including risks associated with 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 exploration 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 the Company 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 are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company 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. The Company 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
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