Rua Gold increases brokered financing to $24.99-million

Executive Summary

• Rua Gold Inc. has upsized its brokered private placement offering of common shares due to strong investor demand, increasing the total gross proceeds to approximately $25 million.
• The offering consists of 22,727,200 common shares priced at $1.10 per share, with net proceeds allocated to exploration and development of the Reefton and Glamorgan projects in New Zealand, as well as working capital.
• The transaction is expected to close on or about January 28, 2026, subject to TSX Venture Exchange listing approval and other regulatory conditions.

Key Details

• Transaction Type: Upsizing of a previously announced brokered private placement.
• Gross Proceeds: Up to $24,999,920.
• Share Quantity: 22,727,200 common shares.
• Price Per Share: $1.10.
• Agents/Bookrunners: Raymond James Ltd. and Cormark Securities Inc. (joint bookrunners and co-lead agents); syndicate includes Beacon Securities Ltd.
• Use of Proceeds: Exploration and development activities on the Reefton project and Glamorgan project (both in New Zealand), and for working capital and general corporate purposes.
• Regulatory Exemptions: Listed issuer financing exemption under Part 5A of National Instrument 45-106 (as amended by Coordinated Blanket Order 45-935); private placement basis under US Securities Act of 1933.
• Resale Restrictions: None under applicable Canadian securities laws.
• Over-allotment Option: The agents' option to offer an additional 15% of shares has been removed due to the upsizing.
• Expected Closing Date: On or about January 28, 2026.
• Conditions Precedent: Receipt of all necessary approvals, including conditional listing approval from the TSX Venture Exchange and applicable securities regulatory authorities.

Notable Quotes

• No direct quotes from management were included in the provided text.