Rocky Shore Gold Launches $1.5 Million Private Placement for Gold Anchor Project

Hemlo Explorers ( (TSE:RSG) ) has issued an update.

Rocky Shore Gold Ltd. has announced a non-brokered private placement to raise up to $1.5 million through the sale of units and flow-through shares at $0.05 each. The funds will be used for general corporate purposes and to advance the Gold Anchor Project, specifically targeting the Lane Pond Gold Target with a planned drill program. This initiative is expected to enhance the company’s exploration efforts and potentially increase its market positioning within the gold exploration industry.

More about Hemlo Explorers

Rocky Shore Gold Ltd. is a Canadian exploration company focused on discovering major gold deposits at its wholly-owned Gold Anchor Project in central Newfoundland, a promising and underexplored gold belt in Canada.

YTD Price Performance: 9.09%

Average Trading Volume: 145,050

Technical Sentiment Signal: Hold

Current Market Cap: C$8.58M

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