Rye Patch is acquiring a gold mine – Here are the details
Earlier this week, on May 25th, Rye Patch Gold (TSXV:RPT) announced that it is acquiring a gold mine in Nevada. We tracked down Bill Howald, President and CEO of Rye Patch to explain what this deal mean for the Company moving forward.
Click here to read over the full news release on the acquisition.
IF you have any further questions for Bill please leave them in the comment section or email Cory directly – fleck@kereport.com.
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Discussion
3 Comments
May 28, 2016 28:59 PM
May 29, 2016 29:14 AM
Interesting comments Imfiaz. Honest well-informed management counts for so much!
May 31, 2016 31:01 PM
This seems like a pretty big deal to me.
I would have thought a stronger reaction in the market would have occurred.
And a bigger response from Korelin visitors.
I have been a shareholder of Rye Patch Gold Corp for many years and braved the sell off of what I still believe was the right decision from Bill and his team to settle with CDE securing a royalty payment versus bleeding cash in a legal battle. After holding on to hope of some sort development since the settlement and share repurchase program, I am excited about this new direction and this acquisition. Longterm growth and value is secured which should see future shareholders rewarded going forward.
I would like to understand what all is involved for the 30 million US equity financing that is currently being negotiated for this acquisition and wonder what impact that would have on existing shareholders?