Rush Gold Corp. Closes First Tranche of Private Placement, Raises $612,000
Rush Gold Corp. has closed the first tranche of its non-brokered private placement, issuing 6.12 million shares at $0.10 each for gross proceeds of $612,000. The company anticipates closing additional tranches.
Vancouver, BC – Rush Gold Corp. announced on April 17, 2026, the successful closing of the first tranche of its previously announced non-brokered private placement. Through this initial tranche, the company issued 6,120,000 common shares at a price of $0.10 per share, generating gross proceeds of CAD$612,000.
The company stated that it anticipates closing further tranches in the coming weeks. Funds raised are intended for general corporate purposes, which may include exploration and development of mineral properties.
Rush Gold has been actively exploring its Legal Tender and Skylight properties in Nevada. In March 2026, the company reported significant surface rock sampling results, including 2,770 g/t silver and 2.4 g/t gold at Legal Tender. The Skylight property's gold trend was also reported to extend to 1.2 kilometers.
Prior to this financing announcement, Rush Gold had also reported completing field investigations and acquiring satellite imagery for its Nevada properties. The company also recently retained an investor relations firm to manage its communications.