tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Rio Grande Resources Announces $1.33M Private Placement for Exploration

Story Highlights
Rio Grande Resources Announces $1.33M Private Placement for Exploration

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1