Rider 2 Investment Capital Corp. announced a non-brokered private placement of up to 29,166,667 flow-through units at a price of CAD 0.24 per flow-through unit for gross proceeds of CAD 7,000,000.08 and 35,000,000 non-flow through units at a price of CAD 0.20 per non-flow through unit for a gross proceeds of CAD 7,000,000; an aggregate gross proceeds of CAD 14,000,000 on October 13, 2021. Each flow-through unit will consists of one flow-through common share and one-half of a non-flow through share purchase warrant. Each whole warrant is exercisable for one non-flow through common share at an exercise price of $0.30 for a term of 24 months after the closing. Each non-flow through unit is comprised one share and one-half of a non-flow through warrant. Each whole warrant will be exercisable for one share at an exercise price of $0.30 for a term of 24 months after the closing.