Rye Patch Announces Completion of Cdn$49.1 Million Private Placement of Subscription Receipts to fund Florida Canyon Gold Mine Acquisition

Rye Patch Gold, V.RPM, gold, nevada

Rye Patch Gold Corp. (V.RPM)) is pleased to announce that, further to its news release of June 2, 2016, the Company has completed a private placement of 223,247,242 subscription receipts of the Company at Cdn$0.22 per Subscription Receipt for gross proceeds of Cdn$49,114,393 . The private placement was completed through a syndicate of agents coled by Macquarie Capital Markets Canada Ltd. and Canaccord Genuity Corp., and including Dundee Securities Ltd. and GMP Securities L.P., and included the exercise of an overallotment option granted to the Agents. read more

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