Rupert Resources Edging Up As Closes $51.75 Million in Bought-Deal Equity Financing

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Rupert Resources Edging Up As Closes $51.75 Million in Bought-Deal Equity Financing

, MT Newswires - 10:25 AM ET 3/27/2025 default

10:25 AM EDT, 03/27/2025 (MT Newswires) -- Rupert Resources ( RUPRF ) on Thursday closed its previously announced $51.75 million bought-deal public offering, which included the exercise in full of the underwriters' over-allotment option.

The company said it plans to close its non-brokered private placement, previously announced on March 18, of up to 7.25 million common shares at the offering price on substantially the same terms as the offering for proceeds of up to $32.625 million on April 1. It noted Agnico Eagle Mines ( AEM ) has indicated its intention to take up its rights to participate in the private placement to maintain its pro-rata ownership in the company.

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 Finland and for general corporate purposes.

Shares of the company were last seen up 0.7% at $4.28 on the Toronto Stock Exchange.

Price: 4.27, Change: +0.02, Percent Change: +0.47

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