Rush Gold Completes Second Tranche of Private Placement
News related to:Rush Gold Corp · 1 min read
Rush Gold Corp., a Canadian mineral exploration company, has announced the successful closing of the second tranche of its non-brokered private placement. The company issued 10,305,000 common shares at a price of $0.10 per share, raising a total of $1,030,500. This brings the total number of shares issued under the private placement to 16,425,000, with aggregate gross proceeds of $1,642,500.
The first tranche, which closed on April 17, 2026, saw the company issue 6,120,000 common shares for gross proceeds of $612,000. The second tranche, which closed on September 25, 2026, adds to the company's financial resources, which it intends to use for exploration activities, potential new acquisitions, and general working capital purposes.
Rush Gold Corp. engaged CPS Capital Group Pty Ltd. under a corporate advisory agreement dated June 29, 2026, to co-ordinate and lead manage the second tranche. In exchange for their services, CPS received cash fees of $54,230 and 3,504,300 common shares from Rush Gold Corp. The shares issued under the private placement and the advisory agreement are subject to a four-month hold period under applicable Canadian securities laws.
The company is focused on advancing its mineral projects in Nevada, United States. Rush Gold Corp. is committed to using the proceeds of the private placement to further its exploration and development efforts. The funds will support the company's ongoing initiatives and help it to expand its portfolio of mineral properties.
According to the release, the private placement is part of the company's strategic plan to secure additional capital and resources to drive growth. Rush Gold Corp. remains dedicated to exploring and developing its mineral assets in Nevada, with the goal of creating value for its shareholders.
The private placement is in line with the company's broader strategy to enhance its financial position and support its exploration activities. Rush Gold Corp. continues to prioritize the advancement of its projects and the identification of new opportunities in the mineral exploration sector.