20:35:23 EST Wed 28 Jan 2026
Enter Symbol
or Name
USA
CA



Rocky Shore Gold Ltd
Symbol RSG
Shares Issued 196,077,564
Close 2026-01-28 C$ 0.18
Market Cap C$ 35,293,962
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Rocky Shore Gold arranges $5-million private placement

2026-01-28 17:34 ET - News Release

Mr. Ken Lapierre reports

ROCKY SHORE GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Rocky Shore Gold Ltd. is undertaking a non-brokered private placement to raise aggregate gross proceeds of up to $5-million through the sale of units at a price of 17.5 cents per unit. Each unit will comprise one common share of the company and one share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share, to be issued on a non-flow-through basis, at an exercise price of 30 cents until the date that is three years following the closing date of the offering.

The proceeds from the units issued under the offering will be used for general corporate purposes and advancement of the company's Gold Anchor project, located in central Newfoundland.

The securities 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 finders' fees and/or issue finders' warrants 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 25 per cent of the company's market capitalization, and accordingly, the company anticipates relying on exemptions from the formal valuation and minority shareholder approval requirements applicable to related party transactions under applicable Canadian securities laws.

Northfield Capital Corp. has indicated that Northfield and Robert Cudney, the president and chief executive officer of Northfield, intend to participate in the offering and are expected to acquire up to 5,714,285 units for a purchase price of up to $1-million.

Adviser

Cassels Brock & Blackwell LLP is acting as legal adviser to Rocky Shore in connection with the offering.

About Rocky Shore Gold Ltd.

Rocky Shore Gold is a Canadian junior exploration company targeting the expansion of its two porphyry-controlled Mosquito Hill and Reid gold deposits, and the discovery of structurally controlled high-grade gold zones at its 100-per-cent-owned Gold Anchor project. The project is strategically located in central Newfoundland -- hosting one of Canada's most promising and underexplored gold belts. The district-scale project is the second-largest property (greater than 1,200 square kilometres) within an emerging gold district. The Gold Anchor project is on trend to major gold discoveries and recent gold deposits northeast of the Gold Anchor project associated with the highly prospective Appleton and JBP faults.

Rocky Shore would like to acknowledge the financial support and approval of the 2025 junior exploration assistance program from the Department of Natural Resources, government of Newfoundland and Labrador.

We seek Safe Harbor.

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