Rush Gold Corp. (CSE: RGN | OTCQB: RGNCF | FSE: B6H) announced on September 28, 2026, the closing of its acquisition of Landy Investments Ltd., a private British Columbia company. Through the deal, Rush Gold has secured mining rights across two Nevada mineral properties — the Douglas Canyon Gold/Antimony project and the Hollow North-South Copper/Gold project. The transaction, first announced in June 2026, advances the company's strategy of building a Nevada-focused mineral exploration portfolio.

Key Points

  • Rush Gold Corp. (CSE: RGN | OTCQB: RGNCF | FSE: B6H) completed the Landy Investments acquisition on September 28, 2026
  • The company acquired a 100% interest in Douglas Canyon and an 80% undivided interest in the Hollow North-South project, both in Nevada
  • Consideration included 12,500,000 shares at $0.10 each, $150,000 in cash payments, and 1,000,000 warrants at $0.20 for a three-year term
  • Investors may watch for drilling activity that could trigger up to 2,000,000 additional milestone shares within 36 months

Nevada Mining Rights Secured Across Two Mineral Properties

The Landy Acquisition gives Rush Gold a 100% interest in the Douglas Canyon Project, a Gold/Antimony mineral property situated in Mineral County, Nevada, and an 80% undivided interest in the Hollow North-South Project, a Copper/Gold mineral property in Lyon County, Nevada. The release states these Mining Rights were held by Landy Investments Ltd. prior to the transaction. Both properties are consistent with Rush Gold's stated focus on advancing mineral exploration assets in the state of Nevada.

Share Issuance, Cash Payments, and Warrant Terms at Closing

As consideration, Rush Gold issued 12,500,000 shares at a deemed price of $0.10 per share to the Landy vendors. The company also paid $50,000 in cash to the Douglas Canyon vendor and $100,000 (less $20,000 in previously paid exclusivity amounts) to the Hollow North-South vendor. Additionally, 1,000,000 warrants exercisable at $0.20 per share for a three-year term were issued to the Hollow North-South vendor and its nominee. All securities issued carry a four-month hold period under applicable Canadian securities laws.

Escrow Conditions and Drilling Milestone Shares

Of the 12,500,000 Consideration Shares, 4,125,000 are subject to voluntary escrow for six months from issuance and a further 4,125,000 are subject to voluntary escrow for 12 months from issuance. Beyond closing consideration, Rush Gold may issue up to 2,000,000 additional shares tied to drilling milestones: 1,000,000 shares upon completing 1,000 metres of drilling, and a further 1,000,000 shares upon reaching 2,000 metres. The release states that milestones must be achieved within 36 months of closing or no additional shares will be issuable.