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Rugby Resources Ltd.
Rugby Resources Ltd.
Registriert in: Kanada WKN: A3DN4Z Rohstoffe:
Art: Originalaktie ISIN: CA78132X1042 Gold
Silber
Kupfer
Heimatbörse: TSX Venture Alternativ: RBMNF
Währung: CAD    
Symbol: RUG.V Forum:

Rugby Mining Announces CAD$600,000 Non-Brokered Private Placement

29.06.2020 | 12:30 Uhr | GlobeNewswire

VANCOUVER, June 29, 2020 - Rugby Mining Ltd. (“Rugby” or the “Company”) (TSX-V: RUG) announces that its board of directors has approved a proposed private placement offering of up to 8,571,429 units (the “Units”) at a price of $0.07 per Unit for gross proceeds of up to $600,000 (the “Offering”).

Each Unit will consist of one (1) common share and one (1) common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one (1) additional common share of the Company for a period of two (2) years from the date of the close at an exercise price of $0.12, provided that in the event that the closing price of the Company’s common shares on the TSX Venture Exchange is $0.25 or greater per common share during any 10 consecutive trading day period the Warrants will expire at 4.00 p.m. (Vancouver time) on the 30th day after the date on which the Company provides notice of such accelerated expiry to warrantholders, and the warrantholders will have no further rights to acquire any common shares of the Company under the Warrant.

A material change report relating to the Offering is being filed less than 21 days prior to the closing of the Offering. The shorter period is necessary in order to permit the Company to close the Offering in a timeframe consistent with usual market practice for transactions of this nature.

Closing of the proposed Offering is anticipated to occur on or about July 30, 2020. Closing of the Offering is subject to receipt of all necessary regulatory approvals.

Proceeds of the Offering will be used for exploration and general expenses.

For additional information you are invited to visit the Rugby Mining Ltd. website at www.rugbymining.com

Rugby Mining Ltd.
For further information, please contact:

Jon Hermanson, VP, Corporate Development
Tel: 604.688.4941 Fax: 604.688.9532
Toll-free: 1.855.688.4941
Suite 810, 789 West Pender St.
Vancouver, BC Canada V6C 1H2
info@rugbymining.com

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

 
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