Business
RUA GOLD Closes C$33 Million Financing
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - RUA GOLD INC.  (TSXV: RU...
About this update from Rua Gold Inc
[{"type":"text","content":"RUA GOLD Closes C$33 Million FinancingVancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - RUA GOLD INC. (TSXV: RUA) (OTCQB: NZAUF) (\"RUA GOLD\" or the \"Company\") is pleased to announce that it has closed its previously announced upsized private placement (the \"LIFE Offering\") of 22,727,200 common shares in the capital of the Company (each, a \"Common Share\") for gross proceeds of $24,999,920 and concurrent upsized private placement (the \"Concurrent Offering\" and together with the LIFE Offering, the \"Offering\") of 7,273,454 Common Shares for gross proceeds of approximately $8,000,800. Pursuant to the Offering, the Company issued an aggregate of 30,000,654 Common Shares at $1.10 per Common Share (the \"Offering Price\") for aggregate gross proceeds of approximately $33,000,720.Raymond James Ltd. and Cormark Securities Inc. acted as co-lead agents and joint bookrunners in connection with the LIFE Offering, together with Beacon Securities Limited (collectively, the \"Agents\"). The net proceeds of the 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.Robert Eckford, CEO of RUA GOLD commented: \"We are excited to close our upsized financing with lead participation from two very well regarded new institutional investors taking our institutional ownership to over 40% of our share count. The endorsement by this group of sophisticated investors supports the strong conviction in both uncovering the potential of our undrilled epithermal opportunity in Glamorgan on the North Island of New Zealand, as well as supporting the execution of our fast tracked plan to production in the Reefton Goldfield on New Zealand's South Island.The proceeds from this financing will enable us to accelerate exploration efforts and unlock the project's high-grade potential. We sincerely appreciate the confidence placed in our team and strategy by these valued partners, and we look forward to delivering meaningful progress and long-term value for all stakeholders in the months and years ahead.\"Pursuant to an agency agreement among the Company and the Agents dated January 28, 2026, the Company: (i) paid a cash fee of approximately $1,359,800 to the Agents; and (ii) issued 1,236,182 ...