Rye Patch Gold: Rye Patch raises $20m to further ramp up Nevada gold mine

Nevada-based miner Rye Patch Gold has completed a private placement whereby it issued 15.38-million units at $1.30 apiece to raise $20-million. Each unit comprised one common share and one share purchase warrant, which is exercisable to acquire one common share at an exercise price of $1.65 until January 31, 2020.