07:52 AM EDT, 10/08/2025 (MT Newswires) -- Rocky Shore Gold ( CNOBF ) , which lost 20% Tuesday, said overnight it closed the third and final tranche of its previously announced non-brokered private placement, raising $2.5 million in total.

The company raised $503,500 and issued 6.8-million units, at $0.05 apiece under the final tranche. Each unit comprised of one common share and one-half of one purchase warrant, and 3.3-million common shares that qualify as "flow-through shares" (FT shares), at $0.05 per FT share.

Rocky Shore Gold ( CNOBF ) sold and issued 31.5-million units and 18.5-million FT shares for total proceeds of $2.5 million pursuant to the full offering. Each warrant entitles the holder to buy a share, to be issued on a non-flow-through basis, for $0.10 until Oct. 7, 2028, subject to some accelerated expiry terms.

"Funds are now in place to continue our ongoing exploration at our Gold Anchor Project in central Newfoundland, which will include an inaugural drill program at the Lane Pond Gold Target in 2025-26," said Rocky Shore Gold ( CNOBF ) chief executive Ken Lapierre. "We remain focused in our efforts to advance Gold Anchor and identify Newfoundland's next major gold discovery."

Proceeds from the units issued under the final tranche will be used for general corporate needs and proceeds from the FT shares will be used for the exploration and advancement of its Gold Anchor project.

Shares of the company closed down $0.025 to $0.095 on the Canadian Securities Exchange Tuesday.