Rye Patch Gold Announces Bought Deal Offering of $10M

Rye Patch Gold, V.RPM, gold, nevada

Rye Patch Gold Corp. (V.RPM)) is pleased to announce that it has entered into an agreement with PI Financial Corp., as lead underwriter on behalf of a syndicate of underwriters (collectively, the “Underwriters”), under which the Underwriters have agreed to purchase, on a bought deal basis 38,470,000 common shares (“Common Shares”) of the Company at a price of $0.26 per Common Share, for aggregate gross proceeds of $10,002,200 (the “Offering”). The Underwriters have been granted the option (the “Over-Allotment Option”) to purchase up to an additional 5,770,500 Common Shares, exercisable in whole or in part, at any time up to 30 days after the closing of the Offering. read more

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