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Rocky Shore Gold Closes Brady Property Acquisition and Grants Options
TORONTO, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. (“Rocky Shore” or the “Company”) (CSE: RSG) is pleased to announce that, through a wholly-owned
About this update from Rocky Shore Gold Limited
[{"type":"text","content":" TORONTO, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. (“Rocky Shore” or the “Company”) (CSE: RSG) is pleased to announce that, through a wholly-owned subsidiary, it has completed the previously announced purchase agreement for the acquisition of the Brady Property and made the first option payment due under the Huxter Lane Option Agreement (see press release dated December 2, 2025). In connection with the Brady Property Purchase Agreement, the Company made a cash payment of $75,000 and issued to the vendor 1,000,000 common shares of Rocky Shore. The vendor shall retain a 0.5% NSR which Rocky Shore’s subsidiary may repurchase, at any time, for $250,000 in cash. An underlying 2% NSR on the property exists, which can be repurchased, at any time, for $1,000,000 in cash. In connection with the Huxter Lane Option Agreement, the Company made an initial payment consisting of $100,000 in cash, and issued to the optionors an aggregate of 2,000,000 common shares of Rocky Shore. The shares issued by the Company pursuant to the Brady Property Purchase Agreement and the Huxter Lane Option Agreement are subject to a four month plus a day hold period expiring on April 13, 2026. GRANT OF INCENTIVE STOCK OPTIONS The Company also announces that it has granted 5,100,000 incentive stock options (“Options”) pursuant to the Company’s omnibus equity incentive plan (the “Plan”) to officers, directors and consultants of the Company. Each Option is exercisable into one common share of the Company at an exercise price of $0.20 for a five-year term expiring on December 12, 2030. One-half of the Options vest immediately with the remaining one-half vesting on December 12, 2026, and are subject to a four-month hold period from the date of issuance thereof. 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 focused Canadian exploration company targeting expansion of its two gold deposits and discovery of major gold zones at its 100%-owned Gold Anchor Project. The project is strategically located in central Newfoundland - on...