Rush Gold Corp. Completes Acquisition of Landy Investments
Rush Gold Corp. has finalized the purchase of Landy Investments Ltd, securing additional mineral rights in Nevada.
Vancouver-based mineral exploration firm Rush Gold Corp. has concluded the acquisition of Landy Investments Ltd, a transaction that provides the company with ownership of mining interests in Nevada. The deal grants Rush Gold full rights to the Douglas Canyon gold and antimony project and an 80% stake in the Hollow North-South copper and gold property.
The acquisition was finalized through the issuance of 12.5 million shares at a deemed price of $0.10 each, alongside $150,000 in cash payments. Additionally, the company issued one million warrants exercisable at $0.20 per share. These securities are subject to mandatory hold periods and voluntary escrow arrangements to regulate market liquidity.
The agreement includes performance-based incentives, with up to two million additional shares to be issued if specific drilling milestones are met within the next 36 months. Rush Gold remains focused on the exploration and evaluation of its Nevada projects, marking a strategic expansion of its current property portfolio.