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Rua Gold Announces Upsizing of Non-Brokered Private Placement
Rua Gold Announces Upsizing of Non-Brokered Private Placement Canada NewsWire /NOT...
About this update from Rua Gold Inc
[{"type":"text","content":"\n\n\nRua Gold Announces Upsizing of Non-Brokered Private Placement\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\nCanada NewsWire\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/\nVANCOUVER, BC, Jan. 22, 2026 /CNW/ - RUA GOLD INC. (\"Rua\" or the \"Company\") (TSXV: RUA) (OTCQB: NZAUF) is pleased to announce that, due to strong investor demand, it has increased the size of its previously announced non-brokered private placement offering of common shares of the Company (\"Common Shares\") to raise gross proceeds of up to $8,005,800 (the \"Upsized Non-Brokered Offering\"), consisting of 7,278,000 Common Shares at a price of $1.10 per Common Share, up from the previously announced $5,005,000.\nThe net proceeds of the Upsized Non-Brokered Offering will be used for exploration and development activities on the Company's Reefton Project and Glamorgan Project, both located in New Zealand, and for working capital and general corporate purposes.\nNo finder's fee will be paid in connection with the Upsized Non-Brokered Offering.\nThe Common Shares issued under the Upsized Non-Brokered Offering will be issued on a non-brokered private placement basis pursuant to applicable exemptions under National Instrument 45-106 – Prospectus Exemptions. The Common Shares will be issued to purchasers in each of the provinces of Canada, except Québec, and other qualifying jurisdictions, including the United States on a private placement basis pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"). The Common Shares issued under the Upsized Non-Brokered Offering will be subject to resale restrictions pursuant to applicable Canadian securities laws of four months and one day from the closing date of the Upsized Non-Brokered Offering.\nThe Upsized Non-Brokered is expected to close on or about January 28, 2026, and is subject to certain closing conditio...