Rupert Reports 432 G/T Gold Over 1 Meters and 7.3 G/T Gold Over 4 Meters From Recent Program At Pahtavaara; Exploration Drilling Resumes
Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP), carried out a summer drilling and exploration campaign on the permitted Pahtavaara gold mine in Northern Finland and last week exercised its option to acquire the mine, mill and exploration...Rupert Resources Announces Closing of CAD$7.7 Million Convertible Debenture Financing
TORONTO, ONTARIO–(Marketwired – Sept. 6, 2016) –
Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX VENTURE:RUP) is pleased to announce that it has completed its previously announced non-brokered private placement of convertible debentures (“Convertible Debentures”) for gross proceeds of CAD$7,707,500 (the “Private Placement”).
“The Company thanks its supportive investors, will now turn its focus to completing the acquisition of the permitted Pahtavaara gold mine and is pleased to announce resumption of exploration drilling,” said Brian Hinchcliffe, President and CEO of the Company.