Rugby Mining (TSE:RUG) has released an update.
Rugby Resources Ltd. has announced a non-brokered private placement aiming to raise $500,000 through the sale of 10 million units at $0.05 each. Each unit includes a common share and a warrant, with the latter allowing the purchase of an additional share at $0.10 within two years. The funds raised will support exploration activities and general corporate expenses.
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