Rugby Mining Announces CAD$500,000 Non-Brokered Private Placement
20 February 2021 - 5:59AM
Rugby Mining Limited (“Rugby” or the “Company”) (TSX-V:
RUG) announces that its board of directors has approved a
proposed private placement offering of up to 5,000,000 units (the
“Units”) at a price of $0.10 per Unit for gross proceeds of up to
$500,000 (the “Offering”).
Each Unit will consist of one (1) common share
and one half (0.5) common share purchase warrant (a “Half
Warrant”). Each full warrant (two (2) Half Warrants together) will
entitle the holder thereof to purchase one (1) additional common
share of the Company for a period of one (1) year from the date of
the close at an exercise price of $0.20.
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 March 20, 2021. 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 Limited website at www.rugbymining.com.
RUGBY MINING LIMITEDFor further information, please contact:
Rob Grey, V.P. Corporate CommunicationsTel: 604.688.4941 Fax:
604.687.3141Toll-free: 1.855.688.4941 |
Suite 810, 789 West Pender St.Vancouver, BC Canada V6C
1H2info@rugbymining.com |
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