Business
Riley Gold Closes Oversubscribed C$2.6 Million Private Placement
VANCOUVER, British Columbia, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (“Riley Gold” or the “Company”) is pleased to repor
About this update from Riley Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (“Riley Gold” or the “Company”) is pleased to report that the Company has closed its private placement, as previously announced on August 3, 2021 and August 16, 2021. Riley Gold has issued 6,500,000 units at C$0.40 per Unit (“Units”) for total gross proceeds of C$2,600,000 (the “Private Placement”). Each Unit will be comprised of one common share of the Company (a “Share”) and one-half of one share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder thereto to purchase for a period of twenty-four (24) months one additional Share (a “Warrant Share”) at an exercise price per Warrant Share of C$0.60. All securities issued under the Private Placement will be subject to a hold period of four months and one day from the closing date, being December 21, 2021. The Company has paid finders’ fees in connection with the Private Placement of C$81,960. The Private Placement and finders’ fees are subject to regulatory approval. Net proceeds of the Private Placement will be used for project exploration and general working capital purposes. About Riley Gold Corp. Riley Gold is a mining exploration and development company focused in Nevada, USA. The Company’s primary focus is on its two cornerstone assets: the Tokop Gold Project located within the Walker Lane Trend and the Pipeline West/Clipper Project located in the Battle Mountain Eureka Trend. Riley Gold’s founders and leadership team have a proven track record of maximizing shareholder value during each phase of the mining life cycle: exploration, development, and production. FOR FURTHER INFORMATION, PLEASE CONTACT: Todd Hilditch Chief Executive Officer Tel: (604) 443-3831 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary statement regarding forward–looking information This press release contains statements which constitute “forward looking information” under applicable Canadian securities laws, including statements regarding the completion of the Private Placement as well as plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to ...