Northwire Canada EditionThursday, November 12, 2026
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Financings

Rua Gold increases brokered financing to $24.99-million

By The Northwire Desk — AI Analysis Jan 22, 2026 · 19:50 RUA · 1.28 Rua Gold Inc.
RUA · Price

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.
Read the original news release →

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