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RUPERT RESOURCES ANNOUNCES UPSIZE IN BOUGHT DEAL EQUITY FINANCING TO $25 MILLION
RUPERT RESOURCES ANNOUNCES UPSIZE IN BOUGHT DEAL EQUITY FINANCING TO $25 MILLION Canada...
About this update from Rupert Resources Ltd.
[{"type":"text","content":"\n \n \n \n RUPERT RESOURCES ANNOUNCES UPSIZE IN BOUGHT DEAL EQUITY FINANCING TO $25 MILLION\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 /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n July 16, 2024\n \n \n /CNW/ -\n \n Rupert Resources Ltd.\n \n (TSX: RUP) (\"\n \n Rupert\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that in connection with its previously announced \"bought deal\" public financing, the Company has entered into an agreement with Cormark Securities Inc. and BMO Capital Markets as co-lead underwriters on behalf of a syndicate of underwriters (collectively the \"\n \n Underwriters\n \n \") to increase the size of the previously announced financing. The Company will now issue 6,983,300 common shares of the Company (the \"\n \n Shares\n \n \") at a price of\n \n $3.58\n \n per Share, for gross proceeds of\n \n $25,000\n \n ,214 (the \"\n \n Offering\n \n \"). The Company has also granted the Underwriters an option (the \"\n \n Over-Allotment Option\n \n \"), exercisable at the Offering Price for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any, on the same terms as the Offering. Closing is expected on or about\n \n August 1, 2024\n \n (the \"\n \n Closing Date\n \n \"), and is subject to regulatory approval including that of the Toronto Stock Exchange.\n \n \n The Company will also offer in a concurrent private placement approximately 3,250,000 Common Shares at the Offering Price on substantially the same terms as the Offering (the \"\n \n Private Placement\n \n \").\n \n \n The net proceeds of the Offering and the Private Placement will be used for on-going exploration expenditures, technical and environmental studies on the Company's properties in\n \n Finland\n...