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VANCOUVER, British Columbia, June 22, 2023 (Globe Newswire) — Rugby Resources Ltd. (“Rugby” or the “Company”) (TSX-V: Lag) announces that its Board of Directors has approved a proposal for a private placement of up to 20,000,000 units (“Units”) at a price of $0.05 per unit for gross proceeds of up to $1,000,000 (“Offer”).
Each unit consists of one common stock and one common stock purchase warrant (“Warrant”). Each stock acquisition right gives the holder the right to purchase one additional share of our common stock at an exercise price of $0.15 during his two years from the close date.
All securities issued under this offering are subject to a statutory holding period of four months plus one day from issuance in accordance with applicable securities laws. Closing of the offering is subject to obtaining all necessary regulatory approvals.
Proceeds from recruitment will be used for exploration and general expenses.
For more information, please visit the Rugby Resources Ltd. website. www.rugbyresourcesltd.com
Rob Gray, Vice President of Corporate Communications
Phone: 604-688-4941 Fax: 604-688-9532 Toll Free: 1.855.688.4941 |
Suite 810, 789 West Pender St.
Vancouver, British Columbia, Canada. V6C 1H2 info@rugbyresourcesltd.com |
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