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RUA GOLD Announces C$12 Million Brokered Offering of Common Shares
RUA GOLD Announces C$12 Million Brokered Offering of Common Shares Canada NewsWire ...
About this update from Rua Gold Inc
[{"type":"text","content":"\n\n\n\n RUA GOLD Announces C$12 Million Brokered Offering of Common Shares\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 16, 2025\n \n\n /CNW/ - Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (\"\n \n\n RUA GOLD\n \n\n \" or the \"\n \n Company\n \n \") is pleased to announce that it has entered into an agreement with Cormark Securities Inc. and Red Cloud Securities Inc., to act as agents (the \"\n \n Agents\n \n \") on a \"best efforts\" agency basis in connection with a public offering (the \"\n \n Public Offering\n \n \") and contemporaneous private placement (the \"\n \n Private Placement\n \n \") of 17,143,000 common shares in the capital of the Company (each, a \"\n \n Common Share\n \n \") at a price of\n \n C$0.70\n \n per Common Share (the \"\n \n Offering Price\n \n \") for aggregate gross proceeds of\n \n C$12,000,100\n \n (the \"\n \n Offering\n \n \"). The allocation of the number of Common Shares to be issued in connection with the Public Offering and the Private Placement will be determined prior to filing the Supplement (as defined below).\n \n\n The Offering is expected to close on or about\n \n June 26, 2025\n \n (the \"\n \n Closing Date\n \n \"), or such other date as agreed upon between the Company and the Agents, and is subject to certain conditions including, but not limited to the receipt of all necessary regulatory approvals.\n \n\n The Company has granted to the Agents an option (the \"\n \n Over-Allotment Option\n \n \") exercisable, in whole or in part, prior to the Closing Date to sell, at the Offering Price, up to 2,571,450 additional Common Shares (being that number of additional Common Shares equal to 15% of the number of Common Shares issuable pursuant to the Offering) for market stabiliz...