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Arya Resources Ltd ( (TSE:RBZ) ) has issued an announcement.
Arya Resources Ltd. plans to raise up to $3 million through a non-brokered private placement comprising 4 million flow-through shares at $0.50 and 2,222,222 non-flow-through shares at $0.45, for a total of 6,222,222 common shares. The company may pay cash commissions and issue finder’s warrants, with all securities subject to a four-month-plus-one-day hold period and closing contingent on TSX Venture Exchange approval.
Proceeds from the flow-through shares will fund qualifying Canadian exploration expenses at Arya’s Wedge Lake Gold and Dunlop Nickel-Copper-Cobalt projects in Saskatchewan, while non-flow-through funds will support general working capital and corporate purposes. The financing underlines Arya’s strategy to advance its key gold and critical metals assets and reinforces its capital structure as it pursues discovery-driven growth in a supportive mining jurisdiction.
More about Arya Resources Ltd
Arya Resources Ltd. is a Canadian mineral exploration company focused on acquiring, exploring, and developing precious and critical metal projects in Saskatchewan. The company is advancing its flagship Wedge Lake Gold Project and the Dunlop Nickel-Copper-Cobalt Project in mining-friendly jurisdictions with established infrastructure and operates as a Tier 2 issuer on the TSX Venture Exchange.
Average Trading Volume: 141,964
Technical Sentiment Signal: Buy
Current Market Cap: C$20.41M
Find detailed analytics on RBZ stock on TipRanks’ Stock Analysis page.

