Rocky Shore Gold Announces Non-Brokered Private Placement
Rocky Shore Gold is undertaking a non-brokered private placement to raise up to $5,000,000 through the sale of flow-through common shares priced at C$0.15 per share. Proceeds will fund exploration and advancement of the company's central Newfoundland projects, including the Gold Anchor and Rocky Pond VMS projects. The new shares carry a four-month-and-one-day hold period, and finder's fees may be paid on a portion of the offering. Insiders may participate, which constitutes a related party transaction; the company expects to rely on exemptions from formal valuation and minority shareholder approval because the amounts are expected to stay below 25% of market capitalization.
Key figures
- Deal Value Usd
- up to $5,000,000
- Offering Price
- C$0.15
- Brokered
- No
- Hold period
- four months and one day
- Security type
- flow-through shares (Income Tax Act (Canada) subsection 66(15))
- Gross proceeds
- up to $5,000,000
- Insider participation
- possible; constitutes a related party transaction
- Government jea support 2025
- $150,000
- Related party exemption threshold
- below 25% of market capitalization
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.