By Devika Patel
Knoxville, Tenn., May 16 - Rye Patch Gold Corp. said it completed a C$1.25 million non-brokered private placement of stock.
The company sold 5 million common shares at C$0.25 apiece to Kinross Gold Corp.
Proceeds will be used for exploration and development of the company's mineral projects and for working capital.
Vancouver, B.C.-based Rye Patch is a gold exploration company.
| Issuer: | Rye Patch Gold Corp.
|
| Issue: | Common shares
|
| Amount: | C$1.25 million
|
| Shares: | 5 million
|
| Price: | C$0.25
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Kinross Gold Corp.
|
| Settlement date: | May 16
|
| Stock symbol: | TSX Venture: RPM
|
| Stock price: | C$0.25 at close May 15
|
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