Rugby Resources Ltd. Announces $2,500,000 Non-brokered Private Placement
Summary
This news release is not for distribution to United States newswire service or for dissemination in the United StatesWe apologize, but this video has failed to load.Each Unit will consist of one (1) common share of the Company and one half (0.5) of a common share purchase warrant (each whole warrant a Warrant). Each Warrant will entitle the holder thereof to purchase one (1) additional common share of the Company for a period of 36 months following the closing of the Offering at an exercise price of $0.05.Vancouver, B.C., Feb. 24, 2025 (GLOBE NEWSWIRE) Rugby Resources Ltd. (Rugby or the Company) (TSX-V: RUG) announces a non-brokered private placement offering of up to 100,000,000 units (the Units) at a price of $0.025 per Unit for gross proceeds of up to $2,500,000 (the Offering).This advertisement has not loaded yet, but your article continues below.Create an account or sign in to continue with your reading experience.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYThe Company intends to use the proceeds of the Offering for working capital, to advance its exploration properties and to settle outstanding liabilities.The Company may pay to one or more finders a finders fee, payable in cash or through the issuance of securities of the Company or a combination thereof, in connection with proceeds received by the Company from the sale of Units to subscribers introduced to the Company by the finders.The Offering and payment of the finders fees remain subject to TSX Venture Exchange acceptance.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 approvalsAdditionally, Rugby recently announced that it has entered into a Binding Letter Agreement with Pampa Metals Corp. with respect to the proposed acquisition by Pampa of Rugby. See news release dated February 19, 2025.For additional information you are invited to visit the Rugby Resources Ltd. website at: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