Rugby Mining (TSE:RUG) has released an update.
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Rugby Resources Ltd. has successfully completed an oversubscribed private placement, raising $922,000 by issuing 18,440,000 units at $0.05 each, with units comprising a common share and a purchase warrant. The proceeds are earmarked for exploration and general company expenses. Notably, company insiders participated in the placement, with Bryce Roxburgh’s Rowen Company Limited notably increasing their stake.
For further insights into TSE:RUG stock, check out TipRanks’ Stock Analysis page.