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An update from Rio Grande Resources Ltd ( (TSE:RGR) ) is now available.
Rio Grande Resources Ltd. has successfully closed a fully subscribed non-brokered private placement, raising $1,332,890 through the issuance of 13,328,900 units priced at $0.10 each. The funds will be used for exploration activities and general corporate purposes. The placement included participation from company directors and officers, qualifying as a ‘related party transaction’ but exempt from certain regulatory requirements. This strategic move supports Rio Grande’s focus on expanding its exploration efforts and strengthens its position in the mineral exploration industry.
More about Rio Grande Resources Ltd
Rio Grande Resources Ltd. 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, which includes historic mines known for high-grade precious metals production. Led by experienced professionals, Rio Grande targets large-scale precious metal discoveries in a low-sulfidation epithermal setting.
Average Trading Volume: 203,287
See more data about RGR stock on TipRanks’ Stock Analysis page.