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An announcement from Rio Grande Resources Ltd ( (TSE:RGR) ) is now available.
Rio Grande Resources Ltd. has announced a non-brokered private placement of up to 13,328,900 units at $0.10 per unit, aiming to raise $1,332,890. The proceeds will be used for exploration activities and general corporate purposes. The placement includes common shares and warrants, with directors and officers participating in the transaction, considered a ‘related party transaction.’ The closing is expected around June 6, 2025, with securities subject to a hold period as per Canadian regulations.
More about Rio Grande Resources Ltd
Rio Grande Resources (CSE:RGR) is a mineral exploration company focused on high-grade gold and silver potential within its 3,000-acre property in the Black Range of Sierra County, New Mexico. The company holds a 100% interest in the Winston project group, known for its historic production of high-grade precious metals, and is led by a team of experienced professionals targeting large-scale precious metal discoveries.
Average Trading Volume: 203,287
Find detailed analytics on RGR stock on TipRanks’ Stock Analysis page.