Riley Gold Corp. is pleased to report it has closed its private placement, as previously announced on March 14, 2024, and March 20, 2024. Riley Gold has issued 10,000,000 units at C$0.15 per Unit for total gross proceeds of C$1,500,000 . Under the Private Placement,
Kinross Gold Corp. subscribed for 2,217,815 Units, representing a 9.9% ownership interest in the Company on a partially diluted basis including share purchase warrants . Each Kinross Investment Unit is comprised of one common share of the Company and one share purchase warrant . Each Kinross Warrant will entitle
Kinross Gold Corp. to purchase for a period of sixty months one additional Share at an exercise price of C$0.25. The remaining Private Placement Units are comprised of one Share and o...