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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Financings Routine −

Rush Gold Provides Update Regarding Private Placement, Announces Advisory Agreement and Announces Proposed Acquisition of Landy Investments

Junior Nevada Explorer Raises $1.6M Amid Heavy Dilution and Early-Stage Project Acquisition

By The Northwire Desk — AI Analysis Jun 30, 2026 · 09:00 RGN · 0.095 Rush Gold Corp.
Executive Summary
  • Rush Gold Corp. announced the completion of the first tranche of a private placement, issuing 6,120,000 shares at $0.10 per share for $612,000 in proceeds.
  • The company intends to close a second tranche for up to $1,000,000, bringing total potential gross proceeds to $1,612,000.
  • CPS Capital was engaged as the exclusive Australian Lead Manager and Advisor, with compensation structured as 2% cash, 4% placing fees, 6% share-based commissions, and $200,000 in advisory fees payable entirely in shares (3,000,000 shares total).
  • Rush Gold entered an agreement to acquire Landy Investments Ltd., securing rights to the 100% Douglas Canyon Project (Gold/Antimony) and 80% Hollow North-South Project (Copper/Gold) in Nevada.
  • Acquisition consideration includes 12,500,000 shares, $150,000 in cash, and 1,000,000 options, plus up to 2,000,000 milestone shares tied to drilling completion.
  • Closing is contingent on the second tranche raising at least $1,000,000 and receiving CSE regulatory approval.
Material Impact
  • The release represents a standard capital raise and asset acquisition for a pre-revenue junior explorer, but the capital structure impact is heavily dilutive.
  • Total new shares issued or issuable in this transaction range from 21,620,000 to 33,620,000, representing a 105% to 163% increase over the current 20,638,500 shares outstanding.
  • The $1.6M cash raise is modest relative to the share issuance, particularly given that $3M shares are allocated to advisory fees and $12.5M shares to the acquisition.
  • The acquisition targets are early-stage exploration properties with no defined resources or drilling history disclosed in this release, limiting immediate fundamental upside.
  • The market has already priced in the company's reliance on frequent, small financings, making this a routine execution of its exploration playbook rather than a structural shift.
RGN · Price
Company Overview
  • Rush Gold Corp. is a precious metals exploration company focused on gold and silver projects in Nevada, USA.
  • Core assets include the Skylight Property (epithermal gold system) and Legal Tender Property (historic high-grade silver-gold veins), with recent expansion into the Douglas Canyon and Hollow North-South projects via the Landy acquisition.
  • The company is in the early exploration phase, utilizing satellite imagery, geochemical sampling, and planned drilling to advance targets.
  • Shares trade on the Canadian Securities Exchange (RGN), Frankfurt, and U.S. OTCQB (RGNCF), with DTC eligibility for U.S. settlement.
Read the original news release →

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