Rye Patch Gold RPMGD

Bot Deal

[Geodan2]

June 6 (Reuters) - Rye Patch Gold Corp(RPMGF):

* Rye Patch Gold(RPMGF) announces bought deal offering of $10 mln

* Underwriters have agreed to purchase, on a bought deal basis, 38.5 million shares of company at a price of $0.26 per common share

* ‍Net proceeds of offering will be used for continued expansion of Florida Canyon mine, additional haulage equipment among others Source text for Eikon: Further company coverage:

[rozelli]

worst possible news...farrrrrrrrrk!  

[upupandaway7]

I disagree, if the dilution was over 100 milion shares and to sustain operations I would be concerned but this was for expansion of the project and for what I believe is a minimal dilution. Good news imo.

[Looking4Doubles]

I think Rozelli had it correct.  IF the expansion was "after" they had already reached their commercial or full production numbers, then yes, it would be positive. (i.e. going from 75K to 100 K production, etc..)   But "I" think they needed the money to have a chance to ramp up to commercial production, which means their costs will be higher than what they

[upupandaway7]

I see your points but I am more optimistic with this placement as I feel the mine is ramping up nicely as the delays were related to uncontrollable weather variables rather than performance. With ramp up continuing and progressing well now is the time to focus on continued growth as they work towards becoming a mid tier gold producer. That involves additional expansion and drilling which is

[Chutzpah]

Our resident basher cant stop posting several times  a day wrt to RPM even when he apparently holds no interest here.....Weird

[Looking4Doubles]

your screen name "still" fits you !  To answer your question, I got my brother to invest in Rye last year (150-200K shares) but for whatever reason he didn't exit when I did.  I am therefore trying to provide insights on the respective boards for him to consider. (I know he is busy right now and can't do a lot of analysis.)  I hope that explains things. PS