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Hemlo Explorers ( (TSE:RSG) ) has provided an announcement.
Rocky Shore Gold Ltd. has announced an increase in its non-brokered private placement to raise up to $2.5 million due to high interest. The funds will be used for general corporate purposes and to advance the Gold Anchor Project. The offering is set to close by October 17, 2025, and the company has received approval for an extension from the Canadian Securities Exchange. This move underscores the company’s strategic efforts to bolster its exploration activities and strengthen its position in the gold exploration industry.
More about Hemlo Explorers
Rocky Shore Gold Ltd. is a Canadian exploration company focused on discovering significant gold deposits at its Gold Anchor Project in central Newfoundland. The project is located in a promising and underexplored gold belt, strategically positioned near major gold discoveries and deposits, and encompasses over 1,200 square kilometers, making it the second-largest property in the emerging gold district.
Average Trading Volume: 144,818
Technical Sentiment Signal: Buy
Current Market Cap: C$10.02M
Learn more about RSG stock on TipRanks’ Stock Analysis page.