Riley Gold closes oversubscribed private placement including lead order from Kinross

1 minute read
03 April 2024

On April 3, 2024, Riley Gold Corp. (TSXV: RLYG) (OTCQB: RLYGF) announced that it had closed its previously announced private placement having issued 10,000,000 units for total gross proceeds of $1.5 million.

Under the private placement, Kinross Gold Corporation subscribed for 2,217,815 units, representing a 9.9% ownership interest in Riley Gold on a partially diluted basis including share purchase warrants.

Riley Gold is an exploration and development company focused in Nevada.

Cyndi Laval and Raymond Ong of Gowling WLG advised Riley Gold with respect to the private placement.

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