Rush Gold Corp. Upsizes Private Placement to $500,000
Rush Gold Corp. is increasing its planned private placement to $500,000 from $350,000 due to strong investor demand. The funds will be used for general working capital and mineral property exploration.
Rush Gold Corp. announced on Monday, September 22, 2025, that it is increasing its previously announced private placement by nearly 50%, to a total of $500,000. The original plan was to raise up to $350,000.
The company intends to issue up to 5 million units at a price of $0.10 per unit. Each unit will consist of one common share and one share purchase warrant, exercisable for 24 months at $0.20 per share.
Rush Gold plans to use the proceeds for general working capital and exploration activities at its Nevada mineral properties, including the Skylight and Legal Tender projects. The placement is expected to close on or around September 30, 2025.
According to CEO Anthony Zelen, the increased financing will advance the company's projects and create shareholder value amidst favorable gold and silver market conditions.