May 25 (Reuters) - Rye Patch Gold Corp RPM.V
* Rye patch signs agreement to acquire Florida Canyon gold
mine and commitment letter for a US$27 million credit facility
for mine restart
* Says total consideration of US$15 million in cash and 20
million common shares of company payable at closing
* Rye Patch Gold Corp says expects Florida Canyon to achieve
commercial production from new leach pad in Q1 2017
* Says credit facility to fund proposed redevelopment of
Florida Canyon Mine
Source text for Eikon: ID:nCNW5PFFSa
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