Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Monday, November 18, 2024 · 761,606,435 Articles · 3+ Million Readers

Rugby Resources Ltd. Announces CAD$3,000,000 Non-brokered Private Placement

This news release is not for distribution to United States newswire service or for dissemination in the United States

/EIN News/ -- Vancouver, B.C, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Rugby Resources Ltd. (“Rugby” or the “Company”) (TSX-V: RUG) announces that its board of directors has approved a proposed private placement offering of up to 60,000,000 units (the “Units”) at a price of $0.05 per Unit for gross proceeds of up to $3,000,000 (the “Offering”).

Each Unit will consist of one (1) common share and one half (0.5) common share purchase warrant (a “Half Warrant”). Each full Warrant (two (2) Half Warrants together) will entitle the holder thereof to purchase one (1) additional common share of the Company for a period of 18 months from the date of the close at an exercise price of $0.12.

All securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus a day from issuance in accordance with applicable securities laws. Closing of the Offering is subject to receipt of all necessary regulatory approvals.

Proceeds of the Offering will be used for exploration and general expenses.

For additional information you are invited to visit the Rugby Resources Ltd. website at: www.rugbyresourcesltd.com

Rob Grey, VP Corporate Communications Suite 1890 – 1075 West Georgia St.
Tel: 604-688-4941    Fax: 604-688-9532 Vancouver, BC Canada. V6E 3C9
Toll free: 1-855-688-4941 info@rugbyresourcesltd.com

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE


 

Primary Logo

Powered by EIN News

Distribution channels: Media, Advertising & PR, Mining Industry ...

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Submit your press release