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Arya Resources Ltd ( (TSE:RBZ) ) has issued an announcement.
Arya Resources Ltd. has successfully closed the flow-through tranche of its private placement, raising $500,000.02 by issuing 3,846,154 flow-through shares. Additionally, an oversubscription will proceed as a new private placement for further proceeds of approximately $130,000, pending TSX Venture Exchange approval. The total funds raised, including non-flow-through units, amount to over $1 million, which will be used to fund exploration work on Arya’s Saskatchewan-based mineral projects and for general working capital. The insider participation in the private placement constitutes a related-party transaction under TSX policies, but the company is relying on exemptions from formal valuation and minority shareholder approval requirements.
More about Arya Resources Ltd
Arya Resources Ltd. is a Canadian-based mineral exploration company focused on high-potential gold, silver, copper, nickel, and cobalt projects in mining-friendly jurisdictions. As a Tier-2 issuer on the TSX Venture Exchange, Arya is dedicated to building shareholder value through strategic acquisitions, targeted exploration, and sustainable development.
Average Trading Volume: 40,690
Technical Sentiment Signal: Buy
Current Market Cap: C$4.65M
Find detailed analytics on RBZ stock on TipRanks’ Stock Analysis page.