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Hemlo Explorers ( (TSE:RSG) ) just unveiled an announcement.
Rocky Shore Gold Ltd. has upsized its previously announced non-brokered private placement to raise up to $6 million through the sale of units priced at $0.175, each consisting of one common share and a three-year warrant exercisable at $0.30. The company plans to use the proceeds to fund general corporate purposes and advance exploration at its Gold Anchor Project in central Newfoundland, with the financing and associated warrants expected to bolster its capacity to explore and potentially grow its gold resource base within an emerging, highly prospective gold district.
More about Hemlo Explorers
Rocky Shore Gold Ltd. is a Canadian junior gold exploration company focused on expanding its Mosquito Hill and Reid gold deposits and discovering high-grade, structurally controlled gold zones at its 100%-owned Gold Anchor Project in central Newfoundland. The district-scale property spans more than 1,200 square kilometres in one of Canada’s most promising and underexplored gold belts, situated on trend with major regional discoveries associated with the Appleton and JBP Faults.
Average Trading Volume: 228,702
Technical Sentiment Signal: Buy
Current Market Cap: C$37.37M
For an in-depth examination of RSG stock, go to TipRanks’ Overview page.