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Rugby Mining ( (TSE:RUG) ) has shared an update.
Rugby Resources Ltd. announced a non-brokered private placement offering to raise up to $2,500,000 by issuing 100,000,000 units at $0.025 per unit. The proceeds will be used for working capital, exploration property advancement, and settling liabilities. The offering is subject to regulatory approvals and includes a potential finder’s fee. Additionally, Rugby has entered into a Binding Letter Agreement with Pampa Metals Corp. for a proposed acquisition.
More about Rugby Mining
Rugby Resources Ltd. operates in the mining industry, focusing on exploration and development of mineral properties. The company is engaged in identifying and advancing potential mineral deposits to enhance its market position.
YTD Price Performance: 50.0%
Average Trading Volume: 557,543
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.5M
For an in-depth examination of RUG stock, go to TipRanks’ Stock Analysis page.