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.

More from Rush Gold Corp.