Rye Patch Gold Announces Closing of Sale of Rochester Royalty and Final Royalty Payment

In connection with the sale of the Royalty, the Company also received a final Royalty payment in the amount of US$313,701.86, representing the final Royalty amounts accruing up to the closing date.

Share article on

Vancouver, British Columbia, June 1, 2017 - Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch” - http://www.commodity-tv.net/c/search_adv/?v=297397) is pleased to announce completion of the sale to Coeur Rochester, Inc. of the Company’s 3.4% net smelter return royalty (the “Royalty”) for total consideration of US$5,000,000 in cash.

In connection with the sale of the Royalty, the Company also received a final Royalty payment in the amount of US$313,701.86, representing the final Royalty amounts accruing up to the closing date.

About Rye Patch Gold Corp.

Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the operating Florida Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with operations, replacement assets and exploration upside. The combination of operations and exploration concentrated along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information, please visit our website at www.ryepatchgold.com.


On behalf of the Board of Directors

For additional information contact:

‘William Howald’

Rye Patch Gold Corp

William C. (Bill) Howald, CEO & President

info@ryepatchgold.com

 

Tel.: (604) 638-1588

In Europe:
Swiss Resource Capital AG – Jochen Staiger
info@resource-capital.ch - www.resource-capital.ch

Fax: (604) 638-1589

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



New Videos Rye Patch Gold Corp.


Trading statement and operating guidance for the six months ended 30 June 2017

Shareholders are advised that Sibanye has a reasonable degree of certainty that it will report an attributable loss of at least R4.8 billion (US$360...

Sibanye Gold Ltd.

EnWave Corporation Hires Adelaide Capital Markets to Provide Investor Relations Services

EnWave Corporation today announced that it has hired Adelaide Capital Markets to provide investor relations and corporate development services for the...

EnWave Corp.

Sibanye renews and increases its investment in tertiary education

This follows a previous investment of R25 million to these institutions made in 2014.

Sibanye Gold Ltd.