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Final Short Form Prospectus Available on SEDAR+
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR TO THE UNITED STATES.
TORONTO – Rupert Resources Ltd. (TSX: RUP) (“Rupert“or”Company”) is pleased to announce that, in connection with the previously announced “purchase” public financing, it has filed a short form prospectus ending on July 26, 2024 (“Final Prospectus“) for qualifying distribution of 6,983,300 shares of the Company’s common stock (“Share it“) at a price of $3.58 per share (“Price Offer”) and up to an additional 1,047,400 Shares at the Offer Price to be issued upon exercise of the over-allotment option, the details of which are further described in the Final Prospectus (“Offer“). Closing is expected on or about August 1, 2024, and is subject to regulatory approval, including by the Toronto Stock Exchange.
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The Company will also offer in a joint private placement approximately 1,800,000 Shares on the same terms as the Offer (“Private Placement“).
Access to the Final Prospectus and any amendments is provided in accordance with the securities laws relating to the procedure for providing access to the short form prospectus and any amendments. The Final Prospectus can be accessed on SEDAR+ at www.sedarplus.ca. Electronic or paper copies of the Final Prospectus and any amendments may be obtained, free of charge, from Cormark Securities Inc. by phone at (416) 362-7485 or email at ecm@cormark.com or BMO Capital Markets by phone at 905- 791-3151, Ext. 4312 or email at torbramwarehouse@datagroup.ca by providing the contact email address or address, as applicable.
Prospective investors under the Final Prospectus or otherwise are reminded that the Company’s previously submitted technical report covers the Rupert Lapland Project Area under the title “Preliminary Economic Assessment of Ikkari and Pahtavaara – Finland“(at”PEA”), with an effective date of March 10, 2023, has been superseded and superseded in its entirety by the Company’s technical report subsequently submitted to update the mineral resource estimate in the Company’s Ikkari discovery entitled “Updated Mineral Resource Estimate for the Ikkari Project – Finland“(at”Updated by Ikkari MRE”), with an effective date of December 12, 2023. The updated Ikkari MRE is the Company’s only current technical report and is available on the Company’s profile on SEDAR+ at www.sedarplus.ca. The company has started a pre-feasibility study (thePFS”) based on the Ikkari MRE Update, which is anticipated to be completed in the fourth calendar quarter of 2024. The PEA and all references to the PEA in the documents incorporated by reference in the Final Prospectus are expressly carved out of, and do not form a part of, the Final Prospectus. The previously announced PEA no longer exists and should not be relied upon by potential investors pursuant to the Final Prospectus or otherwise in making investment decisions regarding the Company. The information contained in this paragraph is requested to be disclosed by Ontario Securities Commission staff in connection with staff reviews.
This press release is not an offer or solicitation of an offer of securities for sale in the United States. The shares have not been and will not be registered under the US 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.
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About Rupert
Rupert Resources is a gold exploration and development company listed on the Toronto Stock Exchange under the symbol “RUP”. The company is focused on creating and developing scale and quality discoveries with high margins. The main focus of the Company is Ikkari, a new gold discovery in Northern Finland. Ikkari is part of the Company’s “Rupert Lapland Project” which also includes the Pahtavaara gold mine, mill, and exploration permit.
Cautionary Note Regarding Forward Looking Statements
This press release contains statements that, in addition to statements of historical fact are “forward-looking statements” within the meaning of applicable securities laws, including statements regarding: the closing of the Offering and regulatory approvals. The words “may”, “will”, “could”, “will”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, because related to the Company, intended to identify such forward-looking statements. This press release contains forward-looking information in several places such as in statements related to the use of the process; the closing of the Offer and the Private Placement together, including the timing; completion of the PFS, including the timeline set forth herein; and the ability to obtain necessary regulatory approvals, including the Toronto Stock Exchange. Investors are reminded that forward-looking statements are based on the opinions, assumptions and estimates of management that are considered reasonable at the date the report is made, and are subject to various risks and uncertainties and other known and unknown factors that may affect their actuality. events or results to differ materially from those depicted in the forward-looking statements. These factors include the general risks of the mining industry, as well as the risk factors discussed or referred to in the Company’s annual Management Discussion and Analysis for the year ending February 29, 2024. Whether one or more of these risks or uncertainties materialize, or if the assumptions underlying the statements which is expected to prove incorrect, actual results may differ materially from those described herein as expected, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important factors that may cause actual actions, events or results to differ from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. . There can be no assurance that such information will prove to be accurate as actual results and future events may differ materially from those anticipated in these statements. The Company does not intend, and undertakes no obligation, to update these forward-looking statements unless required by applicable law.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20240726077967/en/
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For more information, contact:
James Withall
Chief Director
jwithall@rupertresources.com
Thomas Credland
Head of Corporate Development
tcredland@rupertresources.com
Rupert Resources Ltd
82 Richmond Street East, Suite 203, Toronto, Ontario M5C 1P1
Phone: +1 416-304-9004
Web: http://rupertresources.com/
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