Rugby Resources Boosts Private Placement Offer

Rugby Mining (TSE:RUG) has released an update.

Rugby Resources Ltd. has announced an expansion of its non-brokered private placement due to high demand, increasing its offering from 10 million to over 18 million units at $0.05 each, aiming to raise a total of $922,000. The units include a common share and a warrant, allowing additional share purchases at $0.10 within two years. The funds raised will support exploration and general corporate expenses.

For further insights into TSE:RUG stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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