VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 29, 2009) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Rye Patch Gold Corp. (TSX VENTURE:RPM)(TSX VENTURE:RPM.WT)(OTCBB:RPMGF) ("Rye Patch" or the "Company") announces an increase in its non-brokered private placement (the "Private Placement") by up to an additional 7 million units for a total offering of up to 21 million units at $0.15 per unit for gross proceeds of up to $3,150,000. The Private Placement was previously announced on July 23, 2009.
The Private Placement is subject to the approval of the TSX Venture Exchange.
The net proceeds from the Private Placement will be used for exploration and development of the Company's projects, for acquisitions and for working capital.
Rye Patch Gold Corp. is a Nevada-focused and discovery-driven company building a sizeable inventory of gold resource assets in the mining friendly state of Nevada, USA. The Company's seasoned management team is engaged in acquisition, exploration and development of quality resource-based gold projects. Rye Patch Gold is developing its primary assets - the advanced-stage Wilco project located within the Humboldt Gold Trend in west-central Nevada and the Jessup project in Churchill County, Nevada. The Company is seeking gold opportunities that continue to create shareholder value and leverage the gold price. The Company's goal is to have 5-million ounces of gold inventory within the next 3 years. For more information about Rye Patch Gold, please visit our website at www.ryepatchgold.com.
On behalf of the Board of Directors
William C. (Bill) Howald, CEO & President
The securities issued by the Company have not and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption therefrom under the 1933 Act and the securities laws of all applicable states.
FOR FURTHER INFORMATION PLEASE CONTACT:
Rye Patch Gold Corp. Karen Robb Manager, Investor Relations (604) 638-1588 (604) 638-1589 (FAX) info@ryepatchgold.com www.ryepatchgold.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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