Amount Raised
$2.6 Million
Round Type
Seed
VancouverOtherMiningPrecious MetalsMineralDescription
Riley Gold Corp. (TSX.V: RLYG) (OTCQB: RLYGF) (“Riley Gold” or the “Company”) is pleased to announce the completion of a US$2.6 million investment (the “Investment”) from Osisko Gold Royalties Ltd (“Osisko”) (NYSE:OR & TSE:OR) in exchange for royalties on projects held by Riley Gold’s wholly owned Nevada subsidiary, RRC Exploration Inc. (“RRC”) including: a 2.0% net smelter return (“NSR”) royalty on Riley Gold’s Pipeline West/Clipper Gold Project (“PWC”), located in Lander County, Nevada; a 0.5% NSR royalty on its Tokop Gold Project (“Tokop”), located in Esmeralda County, Nevada; and an assignment of certain royalty buy-back rights on PWC, held by RRC. The form of NSR royalty to be granted by RRC to Osisko is dependent on the Company’s land holdings as described in the Transactions Details below.
Quick answer
Riley Gold Corp raised $2.6 Million in a Seed round, dated November 21, 2022. Riley Gold Corp is based in Vancouver, British Columbia, Canada.
- How much did Riley Gold Corp raise?
- Riley Gold Corp raised $2.6 Million in a Seed round on November 21, 2022.
- What does Riley Gold Corp do?
- Additionally, Riley Gold has provided Osisko a right of first offer and a right of first refusal on the sale of royalties or streams on PWC and Tokop.
- Where is Riley Gold Corp based and how big is it?
- Riley Gold Corp is based in Vancouver, British Columbia, Canada.
- Who are the decision-makers at Riley Gold Corp?
- Fundz holds 1 contact at Riley Gold Corp. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Mining and Precious Metals around the same time
Companies in the same sectors as Riley Gold Corp that raised within 45 days of this round, from Fundz verified event records.
- Independence Gold raised $81K (Pre-Seed) on December 22, 2022.
- Arras Minerals raised $5.3M (Funding Round) on December 20, 2022.
- Black Tusk Resources raised an undisclosed amount (Funding Round) on December 5, 2022.
- Wolfden raised $2.7M (Seed) on November 28, 2022.
- Power Nickel raised $4M (Seed) on November 22, 2022.
- Arras Minerals raised $741K (Seed) on November 22, 2022.
Who to call at Riley Gold Corp, and when
A new round usually means Riley Gold Corp is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Riley Gold Corp raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Riley Gold Corp, from your own LinkedIn network
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