Riversgold Ltd has affirmed the material significance of its recent Northern Zone gold exploration results alongside a $2 million capital raising, assuring compliance with ASX continuous disclosure rules.
- Exploration results from Northern Zone Project deemed materially price-sensitive
- Capital raising of 200 million shares at $0.01 each to raise $2 million
- Mega Resources committed $1 million to the capital raising
- Exploration assay results received in two batches in January 2026
- Company confirms full compliance with ASX Listing Rules and disclosure obligations
Material Exploration Results and Capital Raising Confirmed
Riversgold Ltd (ASX – RGL) has responded to an ASX Aware Letter clarifying the timing and materiality of its recent exploration results and capital raising. The company confirmed that both the assay results from its Northern Zone Gold Project and the $2 million capital raising are information a reasonable investor would expect to impact the share price.
The exploration results, received in two batches during January 2026, revealed significant gold intercepts, including an 8-metre intercept at 5.81 grams per tonne from 46 metres depth. These results underpin the company's ongoing confidence in the Northern Zone Project's potential.
Capital Raising Details and Strategic Investment
Following a board resolution on 14 January 2026, Riversgold initiated a capital raising by issuing 200 million shares at $0.01 each. Mega Resources, a strategic investor with a history of ASX investments, committed $1 million to this placement. The company implemented a trading halt on 15 January to manage market disclosure responsibly before announcing the raise and exploration results on 19 January.
Riversgold detailed its internal processes for assay testing and data verification, emphasizing strict confidentiality and compliance with ASX continuous disclosure rules. The company stated that it maintained confidentiality during the verification period and released information promptly once verification was complete.
Compliance and Market Implications
The company confirmed full compliance with ASX Listing Rule 3.1 regarding timely disclosure of material information. Riversgold’s transparent communication and adherence to regulatory requirements aim to maintain investor confidence amid heightened trading activity and share price volatility observed in early January.
These developments highlight Riversgold’s strategic positioning in the gold exploration sector, leveraging positive market sentiment and strong assay results to secure funding for advancing its projects.
Bottom Line?
Riversgold’s clear compliance and material disclosures set the stage for close market scrutiny as exploration advances and capital deployment plans unfold.
Questions in the middle?
- How will the new exploration results influence Riversgold’s project development timeline?
- What strategic plans does Riversgold have for deploying the $2 million raised?
- Could Mega Resources increase its stake or influence in Riversgold following this investment?