Rush Gold Corp. (CSE: RGN | OTCQB: RGNCF | FSE: B6H) has announced the closing of the second tranche of its non-brokered private placement, issuing 10,305,000 common shares at $0.10 per share for gross proceeds of $1,030,500. Combined with the first tranche closed in April 2026, the company has now raised aggregate gross proceeds of $1,642,500 under the full private placement. The funds are earmarked for exploration activities, potential new acquisitions, and general working capital, developments that investors in this Nevada-focused mineral explorer may be watching closely.

Key Points

  • Rush Gold Corp. (CSE: RGN | OTCQB: RGNCF | FSE: B6H) is a Canadian mineral exploration company focused on Nevada projects.
  • The second tranche of the private placement has closed, issuing 10,305,000 shares at $0.10 each for gross proceeds of $1,030,500.
  • Total aggregate gross proceeds across both tranches reach $1,642,500 from 16,425,000 shares issued.
  • Investors may watch how proceeds are deployed across Nevada exploration activities and potential new acquisitions.

Second Tranche Closes After Multi-Month Private Placement Process

Rush Gold first announced the non-brokered private placement in a March 11, 2026 news release, with subsequent updates issued on April 17, 2026, and June 30, 2026. The first tranche, which closed on April 17, 2026, saw the company issue 6,120,000 shares for gross proceeds of $612,000. The second tranche now adds 10,305,000 shares at the same $0.10 per share price, bringing total shares issued under the placement to 16,425,000 and aggregate gross proceeds to $1,642,500. All securities issued are subject to a four-month hold period under applicable Canadian securities laws.

CPS Capital Group Engaged to Lead-Manage the Second Tranche

As previously disclosed in the company's June 30, 2026 release, Rush Gold entered into a corporate advisory agreement dated June 29, 2026, with CPS Capital Group Pty Ltd. to co-ordinate and lead-manage the second tranche on a best-endeavours basis. In connection with this engagement, the company paid CPS cash fees of $54,230 and issued CPS 3,504,300 shares as a combination of management, placement, share-based commission, work, and corporate finance fees. The shares issued to CPS under the advisory agreement are also subject to the applicable four-month hold period from issuance.

Proceeds Directed Toward Nevada Exploration and Potential Acquisitions

Rush Gold states it intends to use the proceeds from the second tranche for exploration activities at its Nevada mineral projects, potential new acquisitions, and general working capital. The company describes itself as a Canadian mineral exploration company engaged in the acquisition, exploration, and evaluation of resource properties, with its current operational focus on advancing projects in Nevada, United States. The immediate share price impact was not clear from available public information.