Donald Smith Value Fund, a 10% Holder, acquired 5,075,000 Common Shares on a direct ownership basis at a price of $1.300 through a private transaction on January 31st, 2018. The insider also acquired 5,075,000 Warrants with an exercise price of $1.650 until January 31, 2020. This represents a $6,597,500 investment into the company's shares and an account share holdings change of 72.5%.
Rye Patch Gold is in the Gold Sub Industry Group under the Basic Materials Sector.
Rye Patch Gold Corp. is an exploration-stage company engaged in the acquisition, exploration and development of mineral properties in Nevada, the United States through its subsidiary, Rye Patch Gold US Inc. The Company's activities are focused on over two geological trends in Nevada, including Oreana Trend and Cortez Trend. The Oreana Trend includes Lincoln Hill Resource project and Wilco Resource project. The Cortez Trend includes Garden Gate Pass-exploration drilling and Patty-exploration drilling. The Lincoln Hill Resource project consists of a patented lode claim and unpatented mining claims. Lincoln Hill Resource Project includes Gold Ridge Property and Independence Hill Property. The Wilco property is located approximately 160 kilometers northeast of Reno, Nevada. The Garden Gate Pass Property consists of unpatented lode claims. The Patty project consists of over 620 unpatented lode claims. The Company operates in Canada and the state of Nevada in the United States of America.
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