Rupert Resources Upsizes Equity Financing to $25M

Rupert Resources (TSE:RUP) has released an update.

Rupert Resources Ltd. has increased its previously announced ‘bought deal’ equity financing to $25 million, with plans to issue additional common shares at a price of $3.58 each. The net proceeds will support ongoing exploration, technical and environmental studies on its Finnish properties, and general corporate purposes. The offering and concurrent private placement are set to close on August 1, 2024, subject to regulatory approvals.

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