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Rocky Shore Gold Announces Closing of Hemlo Area Claims Sale
TORONTO, July 04, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. (the “Company”) (CSE:RSG) is pleased to announce that it has closed the previously announced tr
About this update from Rocky Shore Gold Limited
[{"type":"text","content":" TORONTO, July 04, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. (the “Company”) (CSE:RSG) is pleased to announce that it has closed the previously announced transaction (see press release dated June 2, 2025) with a subsidiary of Barrick Mining Corporation (“Barrick”) for cash consideration of CAD$975,000 (the “Transaction”). The Transaction included all Ontario claims owned by the Company, including the claims subject to an earlier option agreement (see press release dated August 29, 2022), which was terminated on closing of the Transaction. The Company retains a variable-rate royalty of up to 0.50% Net Smelter Returns on the claims; the rate per claim will depend on the preexisting royalty burden on such claim, and Barrick has the right to buy back 50% of the royalty by making a one-time cash payment of CAD$500,000. Qualified Person Ken Lapierre, P.Geo., President and CEO of the Company, is a Qualified Person, in accordance with the Canadian regulatory requirements as set out in National Instrument 43-101, has reviewed and approved the scientific and technical information that forms the basis for the disclosure contained in this news release. About Rocky Shore Gold Ltd. Rocky Shore Gold is a Canadian-based mineral exploration company focused on gold discoveries in central Newfoundland on its 100% owned Gold Anchor Project. The district scale grass roots project is the second largest (greater than 1,200 square kilometres) property within an emerging Central Gold District. It is strategically located on trend to major gold discoveries and recent gold deposits. Numerous gold bearing faults are within the project limits including the highly prospective Appleton and JBP Fault Corridors. For more information please contact:Ken Lapierre, President & CEORocky Shore Gold Ltd.T: +1 (647) 678-3879E: [email protected] Cathy Hume, CEOCHF Capital MarketsT: +1 (416) 868-1079 x 251E: [email protected] Forward-Looking Statements This news release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” o...