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Arya Resources Launches $3 Million Private Placement to Advance Saskatchewan Projects

Story Highlights
  • Arya Resources is raising up to $3 million via a non-brokered private placement of flow-through and non-flow-through shares.
  • Funds will advance exploration at Wedge Lake and Dunlop projects in Saskatchewan and support general corporate needs.
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Arya Resources Launches $3 Million Private Placement to Advance Saskatchewan Projects

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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.

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