Rocky Shore Gold Launches $5M Flow-Through Placement

By Mining Hub News Desk
18 September 2026, 8:48 a.m. EDT 1 min read
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Source: Rocky Shore Gold

Rocky Shore Gold Ltd. is undertaking a non-brokered private placement to raise aggregate gross proceeds of up to $5,000,000 through the sale of common shares qualifying as flow-through shares at a price of C$0.15 per share.

Proceeds from the offering will be directed toward the exploration and advancement of the company’s projects located in central Newfoundland. All flow-through shares issued under the placement will be subject to a statutory four-month and one-day hold period from the issuance date, in accordance with applicable Canadian securities laws.

The company may pay finder’s fees on a portion of the financing to eligible finders, subject to compliance with the policies of the Canadian Securities Exchange and applicable securities legislation. Insiders of Rocky Shore Gold may also participate in the offering. While any insider participation constitutes a related-party transaction under applicable rules, the company anticipates relying on exemptions from formal valuation and minority shareholder approval requirements because transaction values are not expected to exceed 25% of the company's market capitalisation.

The fresh funding supports active exploration across the company’s asset base in central Newfoundland. Alongside the Gold Anchor Project—where recent exploration in August 2026 discovered the Lucky 13 Gold Zone, returning 15.02 metres grading 2.04 g/t gold in hole LP-26-13—Rocky Shore Gold holds the 100%-owned Rocky Pond VMS Project situated within the Roberts Arm VMS Belt.

Fieldwork is also active across the portfolio, with the company currently advancing a 5,000-metre first-phase drill program targeting the Mosquito Gold Deposit and surrounding prospective areas at Gold Anchor.

Read the full announcement: Rocky Shore Gold Announces Non-Brokered Private Placement