Rocky Shore Gold Announces Private Placement

Rocky Shore Gold Ltd. (CSE:RSG) has launched a non-brokered private placement to raise up to $5 million. The funds will be generated through the sale of units priced at $0.175 each. Each unit includes one common share and a purchase warrant, which allows the purchase of an additional share at $0.30 within three years.

Proceeds will support corporate tasks and the Gold Anchor Project in Newfoundland. Securities issued will adhere to a hold period per Canadian laws. The placement involves fees and warrants for eligible finders. Participation by company insiders classifies the transaction as “related party.”

Northfield Capital and its CEO, Robert Cudney, plan to invest up to $1 million. This offering excludes U.S. markets, as securities are not registered under U.S. laws.