By Sheri Kasprzak
Atlanta, Oct. 14 - Rupert Resources Inc. is looking to raise C$4.05 million through a non-brokered private placement, the company said Thursday.
In the deal, the company will sell three million flow-through shares at C$1.35.
Rupert is a Vancouver, B.C.-based gold exploration company. The company plans to use the funds from the private placement for flow-through expenditures on its Canadian properties and for drilling in the Red Lake district of Ontario.
| Issuer: | Rupert Resources Inc.
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| Issue: | Flow-through shares
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| Amount: | C$4.05 million
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| Shares: | 3 million
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| Price: | C$1.35
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| Warrants: | No
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| Announcement date: | Oct. 14
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| Stock price: | C$1.23 at close Oct. 14
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