(NYSE:RSG) TORONTO, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. (âRocky Shoreâ or the âCompanyâ) (CSE: RSG) is pleased to announce that it has closed the first tranche (the âFirst Trancheâ) of the non-brokered private placement (the âOfferingâ) previously announced on August 11, 2025. Under the First Tranche, the Company raised aggregate gross proceeds of $697,500 and issued (i) 6,800,000 units (âUnitsâ), at an issue price of C$0.05 per Unit, with each Unit comprised of one common share of the Company (a âCommon Shareâ) and one-half of one common share purchase warrant (each whole warrant, a âWarrantâ), and (ii) 7,150,000 Common Shares that qualify as âflow-through sharesâ (as defined in subsection 66(15) of the Income Tax Act (Canada)) (the âFT Sharesâ), at an issue price of C$0.05 per FT Share.
Related Questions
How will the issuance of 6.8 million units and 7.15 million flowâthrough shares at C$0.05 affect the current share count and dilution risk?
What specific uses does Rocky Shore Gold plan for the $697,500 raised, and how will those projects impact future cashâflow and profitability?
When can we expect the warrants attached to the units to be exercisable, and what upside potential do they provide if the stock price rises above the exercise price?