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Regulus Resources Announces Closing of C$11.5 Million Financing
VANCOUVER, B.C., Dec. 27, 2019 (GLOBE NEWSWIRE) -- Regulus Resources Inc. ("Regulus" or the "Company") is pleased to announce that it has closed its previously
About this update from Regulus Resources Inc
[{"type":"text","content":" VANCOUVER, B.C., Dec. 27, 2019 (GLOBE NEWSWIRE) -- Regulus Resources Inc. (\"Regulus\" or the \"Company\") is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the underwriter's option. A total of 7,783,875 units of the Company, each comprising one common share and one half of one common share purchase warrant (\"Units\") were sold at a price of C$1.06 per Unit (the \"Offering Price\"), for aggregate gross proceeds of approximately $8.25 million (the \"Public Offering\"). Pursuant to a concurrent non-brokered private placement, 3,066,375 Units were sold to certain funds managed by Route One Investment Co. LP, the Company's largest shareholder, at the Offering Price, for additional aggregate gross proceeds of approximately $3.25 million. Together with the Public Offering, the Company raised total gross proceeds of approximately $11.5 million (the \"Offering\"). BMO Capital Markets acted as the sole underwriter for the Offering. The net proceeds of the Offering will be used to fund exploration and development activities at the Company's AntaKori project, for working capital, and general corporate purposes. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. For further information, please contact: John E. BlackCEO / DirectorPhone: +1 303 618-7797 mobile+1 720 514-9036 officeEmail: [email protected] Adam GreeningVice President, Corporate DevelopmentPhone: +1 647 923 7799Email: [email protected] Laura Brangwin Manager, Investor RelationsPhone: +447517313833Email: [email protected] About Regulus Resources Inc. and the AntaKori Project Regulus Resources Inc. is an international mineral exploration company run by an experienced technical and management team. The principal project held by Regulus is the AntaKori copper-gold-silver project in northern Peru. The AntaKori project currently hosts a resource with ...