Rupert Resources Ltd. Completes Increased $510,000 Non-Brokered Private Placement
The Offering remains subject to final approval of the TSX Venture Exchange. All common shares issued are subject to a statutory hold period of four months and one day from the date of closing.
In connection with the Offering the Company agreed to pay a finder's fee, payable in cash, to certain eligible persons. On closing of the Offering, the Company made cash payments totalling $25,000 to two such eligible persons with respect to the payment of finder's fees.
The Company intends to use the proceeds from the Offering for its previously announced pre-drilling exploration program and for general working capital purposes.
ON BEHALF OF THE BOARD
M. Kostuik
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contact
Rupert Resources Ltd.
416 848 7744
www.rupertresources.com