Business
RUA GOLD Closes C$13.8 Million Brokered Offering Including the Full Exercise of Over-Allotment Option
Highlights  Closing the oversubscribed brokered offering for $13.8 million of gross proce...
About this update from Rua Gold Inc
[{"type":"text","content":"RUA GOLD Closes C$13.8 Million Brokered Offering Including the Full Exercise of Over-Allotment OptionHighlights Closing the oversubscribed brokered offering for $13.8 million of gross proceeds. Offering was completed without dilutive warrants and without a significant discount to market trading price. Incoming key long-term supportive 9.9% shareholder leading the private placement and serving as a cornerstone investor to the RUA GOLD journey. Completion of this financing secures a treasury balance sufficient to fund 12 to 18 months of aggressive exploration across on the projects.Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (\"RUA GOLD\" or the \"Company\") is pleased to announce that it has closed its previously announced brokered \"best efforts\" public offering (the \"Public Offering\") and private placement (the \"Private Placement\" and with the Public Offering, the \"Offering\") consisting of 19,714,450 common shares in the capital of the Company (each, a \"Common Share\"), which included the exercise of the over-allotment option in full, at a price of C$0.70 per Common Share for aggregate gross proceeds of C$13,800,115. The Company intends to use the net proceeds from the Offering for continuing the exploration program on its New Zealand properties and general working capital and general corporate purposes, as disclosed in the Prospectus Supplement (as defined below). \"For the first time, RUA GOLD is fully funded to execute all of our exploration plans over the next 12 to 18 months\" stated CEO, Robert Eckford. \"Since listing the Company last year, we have accelerated both the Reefton Project on the South Island, and Glamorgan Project on the North Island of New Zealand. With the addition of a cornerstone 9.9% investor, we have strengthened our support base, enabling a two-pronged strategy: the continuation of an aggressive drill campaign at the Reefton Project, and the planned commencement of drilling at the Glamorgan Project in Q4 2025. Both strategies are designed to highlight the exceptional geological potential of New Zealand, supported by a very significant financing.\"The Offering was completed pursuant to an agency agreement (the \"Agency Agreement\") dated June 18, 2025 among the Company, Cormark Securities Inc. and Red...