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Resouro Strategic Metals Inc. (RSGOF) Completes Final Tranche of Private Placement
Toronto, Canada (ABN Newswire) - Resouro Strategic Metals Inc. (ASX:RAU) (CVE:RSM) (FRA:8TX) (OTC...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Strategic Metals Inc. (RSGOF) Completes Final Tranche of Private Placement\n\n Toronto, Canada (ABN Newswire) - Resouro Strategic Metals Inc. (ASX:RAU) (CVE:RSM) (FRA:8TX) (OTCMKTS:RSGOF) announced the closing of the second and final tranche (the \"Final Tranche\") of its previously announced non-brokered private placement (the \"Private Placement\"). The Final Tranche consists of the issuance of 10,000,000 units (the \"Units\") at a price of CAD$0.20 per Unit, for additional gross proceeds of CAD$2,000,000. Each Unit is comprised of one common share (\"Common Share\") in the capital of the Company and one-half of one common share purchase warrant, with each whole warrant being exercisable to acquire one Common Share at an exercise price of CAD$0.30 per share for a three-year period from the date of issuance.\n \n\n Together with the first tranche, which closed on 20 October 2025 (21 October 2025 Australia), the Company has issued a total of 15,000,000 units at an issue price of CAD$0.20 per Unit, for aggregate gross proceeds of CAD$3,000,000 under the Private Placement. The Units issued in the first tranche were on the same terms as those issued in the Final Tranche.\n \n\n All securities issued in connection with the Private Placement are subject to a four-month plus one day statutory hold period from the closing date of the Private Placement pursuant to applicable securities legislation. In accordance with the ASX Listing Rules, under the Final Tranche, 4,259,004 shares were issued pursuant to the Company's available placement capacity under Listing Rule 7.1A while 5,740,996 shares and 5,000,000 Warrants were issued pursuant to Listing Rule 7.1 The proceeds of the Offering will be used to advance the engineering and metallurgical programs, essential steps toward the Preliminary Economic Assessment for the Tiros project, as well as for general working capital purposes.\n \n\n Commenting on the closing of the Private Placement, Executive Chairman and CEO of Resouro, Christopher Eager, said:\n \n\n \"We are pleased to welcome Jose Luis Manzano, a prominent Argentine industrialist, as a strategic investor in this capital raising. His extensive experience and network will be invaluable as we advance our Tiros project. We are also encouraged by the continued support of our long-standing shareholders, some of whom increased ...