Riley Resources Corp (TSE:RLYG) has released an update.
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Riley Gold Corp. has responded to investor interest by expanding its private placement to issue up to 10 million units at C$0.15 each, aiming for gross proceeds of C$1.5 million. The offering includes a significant 9.9% stake acquisition by Kinross Gold Corporation, with extended 60-month warrants. The funds raised are earmarked for project exploration and general corporate purposes, with a regulatory hold period of four months and one day on the securities issued.
For further insights into TSE:RLYG stock, check out TipRanks’ Stock Analysis page.
