Results for the third quarter 2018
Rupert Resources Ltd (“Rupert” or the “Company”) announces that it has today published unaudited financial results for the third quarter ending November 30, 2018 together with Management’s Discussion and Analysis for the same period. Both of the above will published on the Company’s website www.rupertresources.com and will also be available on SEDAR at www.sedar.com.
Operating highlights for the period at the Company’s projects in Finland are provided below. During the nine months ended November 30, 2018, the Company spent $4,937,215 (nine months ended November 30, 2017 – $6,070,112) on exploration and evaluation assets. As at November 30, 2018, the Company had cash and cash equivalents of $8,284,491.
James Withall. Chief Executive of Rupert Resources said “Rupert continues to advance its projects in Northern and Central Finland. The new geological interpretation completed for Pahtavaara over the summer has provided the basis for systematic exploration both near mine and across the licence. Following the successful completion of a $7.4million private placement in November, Rupert is now well funded to execute its exploration activities in 2019.”
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