Medalist Capital announces an update with respect of its beneficial ownership of securities of Rapier Gold. As of the date hereof, Medalist owns 4,760,500 common shares of the Issuer and 3,990,000 Common Share purchase warrants of the Issuer. However, as a result of certain equity issuances by the Issuer, one of which Medalist participated in, purchasing 1,000,000 units of the Issuer, Medalist's interest in the
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