Rugby Mining Ltd. announces that subject to the acceptance by the TSX Venture Exchange , the Company plans to amend the terms to 10,050,000 outstanding share purchase warrants issued upon the closing of a financing announced on October 29, 2019. The Warrants, with an exercise price of $0.17 per share and original expiry date of October 30, 2021, are proposed to be extended to expire on October 30, 2022, subject to the [...]
Rugby Mining Ltd. announces that further to its news releases of July 26, August 24, 2021 and September 3, 2021 the Company wishes to provide an update on its proposed acquisition of 100% of private Australian company Proximo Resources Pty Ltd . As a condition to the Transaction and the final acceptance by TSX Venture Exchange of the Transaction, the Company must, among other things, complete a concurrent private [...]
Rugby Mining Ltd. is pleased to announce that it has increased the size of its private placement previously announced in its news release of August 24, 2021 due to investor demand. Rugby now proposes to issue up to an additional 12,500,000 units at a price of $0.12 per Unit for additional gross proceeds of up to $1,500,000, for a total of 33,333,333 Units and aggregate gross proceeds of $4,000,000. Each Unit will consist [...]
Rugby Mining Ltd. announces that its board of directors has approved a proposed private placement offering of up to 20,833,333 units at a price of $0.12 per Unit for gross proceeds of up to $2,500,000 . Completion of the Offering is one of the conditions of the recently announced proposed acquisition of Proximo Resources Pty Ltd , see press release dated July 26, 2021 . Each Unit will consist of one common share and one [...]
Rugby Mining Ltd. is pleased to report that it has entered into a purchase agreement pursuant to which it has agreed, subject to TSX Venture Exchange acceptance, to acquire private Australian company Proximo Resources Pty Ltd. Proximo owns silver and gold projects in Chile and Argentina, including the drill ready Salvadora silver-copper-gold project. The Proximo management is considered exceptional and will form a key [...]
Rugby Mining Ltd. is pleased to report encouraging follow-up soil sampling results from El Zanjon, Patagonia. The program is designed to discover an intact epithermal gold-silver system beneath shallow sedimentary cover. The ultrasensitive analytical method being employed is defining numerous discrete multi-element geochemical anomalies associated with interpreted fault structures. Highlights Ultra low-level Ionic leach [...]
Rugby Mining Ltd. is pleased to report that previously reported gold-silver anomalies have been followed up with a third round of exploration on the El Zanjon property. The project is south of the high-grade Cerro Vanguardia mine in Argentina. A total of 506 soil samples and 422-line kilometres of ground magnetics were completed. Results are awaited. Yale Simpson, Rugby's Chairman stated: "We continue to be encouraged by [...]
Rugby Mining Ltd. is pleased to advise that it has been granted three exploration permits totalling 849 square kilometres covering extensive gold occurrences in the Georgetown region in North Queensland, Australia. The three exploration permits form Rugby's new Georgetown Project and exploration will commence in Q2, 2021. Highlights Three Exploration Permits granted over 849 km2 at Georgetown. Significant historical [...]
Rugby Mining Ltd. is pleased to announce that it has closed the non-brokered private placement announced February 19, 2021 , subject to TSX Venture Exchange approval. The Company took additional subscriptions over the February 19th, 2021 announcement and will issue 5,150,000 units at a price of CAD$0.10 per Unit for gross proceeds of CAD$515,000 . Each Unit consists of one common share and one half common share purchase [...]
Rugby Mining Ltd. is pleased to report that it is starting a third round of soil sampling plus geophysics at the El Zanjon gold-silver project. The program further targets gold-silver geochemical anomalies identified on magnetic features that have been confirmed to be prospective for epithermal gold-silver deposits . Figure 1: Deseado Massif Gold-Silver District and El Zanjon Project Location The El Zanjon epithermal [...]
Rugby Mining Ltd. announces that its board of directors has approved a proposed private placement offering of up to 5,000,000 units at a price of $0.10 per Unit for gross proceeds of up to $500,000 . Each Unit will consist of one common share and one half common share purchase warrant . Each full warrant Half Warrants together) will entitle the holder thereof to purchase one additional common share of the Company for a [...]
Rugby Mining Ltd. reports that further follow-up soil sampling at the El Zanjon Gold Silver Project is defining specific sites for more detailed work and later drilling. El Zanjon is one of the first projects in Santa Cruz Province designed to discover a fully intact epithermal gold-silver system beneath sedimentary cover. The follow-up program is being scheduled to start within 60 days. Highlights Ultra-low level Ionic [...]
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