June 23, 2024

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Rugby Announces CAD$500,000 Non-brokered Private Placement

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VANCOUVER, British Columbia, May 27, 2024 (GLOBE NEWSWIRE) — Rugby Resources Ltd. (“Rugby” or the “Company”) (TSX-V: RUG) announces that its board of directors has approved a proposed private placement offering of up to 10,000,000 units (the “Units”) at a price of $0.05 per Unit for gross proceeds of up to $500,000 (the “Offering”).

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Each Unit will consist of one (1) common share and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one (1) additional common share of the Company for a period of two (2) years from the date of the close at an exercise price of $0.10.

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2024-05-27 06:32:53

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