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Rocky Shore Gold Closes First Tranche of Non-Brokered Private Placement

TORONTO, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. ("Rocky Shore" or the "Company") (CSE:RSG) is pleased to announce that it has closed the first tranche (the "First Tranche") of the non-brokered private placement (the "Offering") 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 ("Units"), at an issue price of C$0.05 per Unit, with each Unit comprised of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"), and (ii) 7,150,000 Common Shares that qualify as "flow-through shares" (as defined in subsection 66(15) of the Income Tax Act (Canada)) (the "FT Shares"), at an issue price of C$0.05 per FT Share.

Each Warrant entitles the holder thereof to acquire one additional Common Share, to be issued on a non-flow-through basis, at an exercise price of C$0.10 until September 2, 2028, but subject to accelerated expiry terms following the expiry of the four month and a day hold period. If the Common Shares trade at or above C$0.20 per share for 20 consecutive days, the Company will have the right to accelerate the exercise period to a period ending at least 30 days from the date that notice of such acceleration is provided to the holders of the Warrants.

The proceeds from the Units issued under the First Tranche will be used for general corporate ...