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Riley Gold Receives Proceeds of $1.67M from Warrant Exercises
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2026) - Riley Gold Corp. (TSXV: RLYG) ...
About this update from Riley Gold Corp.
[{"type":"text","content":"Riley Gold Receives Proceeds of $1.67M from Warrant ExercisesVancouver, British Columbia--(Newsfile Corp. - April 6, 2026) - Riley Gold Corp. (TSXV: RLYG) (OTCQB: RLYGF) (\"Riley Gold\" or the \"Company\") announces that 6,677,401 warrants issued in connection with the Company's April 2, 2024 private placement have been exercised resulting in total gross proceeds of CDN$1,669,350.\"We are pleased to see such strong participation from our warrant holders,\" stated Todd Hilditch, CEO of Riley Gold. \"The exercise of 86% of the 7,782,185 outstanding warrants that expired April 2, 2026, is a strong endorsement of the Company and its Pipeline West/Clipper Gold Project (\"PWC\").\"PWC is located in the Cortez mining district of the Battle Mountain - Eureka Trend (Figure 1). PWC is operated by Kinross Gold U.S.A., Inc. (\"Kinross\"), a wholly owned subsidiary of Kinross Gold Corporation (TSX: K) (NYSE: KGC), under an exploration earn-in agreement executed in March 2024. Additionally, Todd Hilditch, Chief Executive Officer and director of Riley Gold, upon exercise of 798,518 warrants (held by a company 100% controlled by Mr. Hilditch) at $0.25 per common share, has increased his ownership and control from 4,149,936 common shares to 4,948,454 common shares, representing approximately 10.13% of the issued and outstanding common shares of the Company. Pursuant to the requirements of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, Mr. Hilditch will file an early warning report in connection with his acquisition of the 798,518 Common Shares. About PWC:PWC constitutes a very prospective exploration property for Carlin-type, disseminated and replacement gold deposits. PWC consists of a land package totaling approximately 27.2 km² of unpatented mining claims and patented fee lands adjoining Nevada Gold Mines LLC. PWC is situated along the Cortez structural zone of the exceptionally productive Cortez Trend within the Battle Mountain - Eureka Trend in north central Nevada (Figure 1). The Cortez and Pipeline complexes (adjoining Riley Gold's PWC boundary) are top producers within Nevada, a State that has consistently produced between 4-5 million ounces of gold a year. Figure 1. PWC project location in the Cortez districtTo view an enhanced version of this graphic, please visit:https:...