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TORONTO, ON – (BUSINESS WIRE) – August 1, 2024 – Rupert Resources Ltd. (TSX:RUP) (“Rupert” or the “Company”) is pleased to announce that it has closed the previously announced private placement of 1,799,329 common shares in the capital of the Company (the “Shares”) issued at a price of $3.58 per Share for gross proceeds of $6,441,597.82 (the “Private Placement”).
The net proceeds of the Private Placement will be used for on-going exploration expenditures, technical and environmental studies on the Company’s properties in Finland and for general corporate purposes as set out in the Prospectus.
The Private Placement remains subject to the final approval of the Toronto Stock Exchange.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The Shares have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
