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The latest announcement is out from Rua Gold ( (TSE:RUA) ).
Rua Gold Inc. successfully closed an oversubscribed brokered offering, raising C$5.75 million, which includes the full exercise of an over-allotment option. The funds will support the exploration of the Reefton Project and general corporate purposes. Notably, the offering was completed without dilutive warrants and received participation from all directors and officers, aligning them with shareholders’ interests. The completion of this offering enhances Rua Gold’s ability to execute its exploration strategy and expand its mineral resources, potentially strengthening its position within the industry.
More about Rua Gold
Rua Gold Inc. operates in the mining industry, focusing on exploration and development projects. The company is primarily engaged in mineral resource exploration, with a significant focus on its Reefton Project.
YTD Price Performance: 10.26%
Average Trading Volume: 19,017
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $20.82M
For detailed information about RUA stock, go to TipRanks’ Stock Analysis page.
