Freitag, 7. August 2009

Rye Patch schließt Finanzierung ab

Das ging aber sehr fix LOL

Rye Patch closes $3.15-million private placement
Ticker Symbol: C:RPM
Rye Patch Gold Corp (C:RPM)
Shares Issued 44,199,450
Last Close 8/6/2009 $0.21
Friday August 07 2009
News Release

Nachtrag :
Sun Valley Gold LLC has acquired control and direction over 6,666,667 units of Rye Patch Gold Corp. on behalf of Sun Valley Gold Master Fund Ltd., a client account over which it has discretionary trading authority. The units, which are beneficially owned by the Master Fund, were acquired as part of a private placement by Rye Patch (the "Private Placement") of a total of 21,031,666 Units for a subscription price of $0.15 per Unit. Each Unit consists of one common share of Rye Patch and one share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one common share of Rye Patch at a subscription price of $0.20 per share until February 6, 2011.

Following the completion of the Private Placement, Sun Valley exercises control and direction over 8,666,667 common shares of Rye Patch and 8,666,667 share purchase warrants for and on behalf of the Master Fund. The 8,666,667 common shares of Rye Patch over which Sun Valley exercises control and direction for and on behalf of the Master Fund represent approximately 13.29% of the issued and outstanding common shares of Rye Patch. If exercised, the 8,666,667 share purchase warrants over which Sun Valley exercises control and direction for and on behalf of the Master Fund would, together with the 8,666,667 common shares of Rye Patch over which Sun Valley exercises control and direction for and on behalf of the Master Fund, represent approximately 23.47% of the issued and outstanding common shares of Rye Patch (after giving effect to the exercise of such share purchase warrants, but not the exercise of any other share purchase warrants issued by the Issuer).