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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, priced at $0.05 each. The funds will support general corporate purposes and the exploration of the Gold Anchor Project, including a planned inaugural fall drill program at the Lane Pond Gold Target, which is strategically located along the Appleton Fault Corridor. This initiative aims to advance the project with up to 5,000 meters of drilling, potentially enhancing the company’s position in 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 100%-owned Gold Anchor Project in central Newfoundland, a region known for its promising and underexplored gold belts.
YTD Price Performance: 9.09%
Average Trading Volume: 145,050
Technical Sentiment Signal: Hold
Current Market Cap: C$8.58M
For an in-depth examination of RSG stock, go to TipRanks’ Overview page.